CEO Perks Keep Flowing Despite Outcry

05/03/2009 05:12 am ET | Updated May 25, 2011
  • CARI TUNA Wall Street Journal

The public outcry over corporate jets and other executive perquisites intensified last year, but that didn't ground top brass at Dana Holding Corp.

The Toledo, Ohio, auto supplier, which emerged from Chapter 11 bankruptcy protection in January 2008, spent $2.3 million last year on chartered planes to fly its chairman and chief executive, John M. Devine, and its vice chairman and former CEO, Gary L. Convis, to and from their California homes, according to its latest proxy statement.

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