Nine things you did not know about the world of corporate jet perks

The biggest publicly listed US companies spent $40m last year giving free flights on corporate jets to some of their highest-paid executives.

The Financial Times analysed more than a thousand securities filings to look into this contentious practice and found that a small group of companies, roughly 10 per cent of the S&P 500, accounted for two-thirds of total spending on personal use of corporate aircraft.

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$1.2m: Amount Comcast spent on letting its executives take the corporate jet in 2014
$3.75m: Corporate tax deduction denied as a result
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Why does Corning give free flights to its executives? Because of the “limited commercial flight options available in the Corning, New York area,” it says
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$1.3m: Amount Google paid Eric Schmidt for company use of his private jets in 2014, at $7,500 per hour
$1.4m: How much Oracle paid a company owned by Larry Ellison in 2014 using its aircrafts
$2.5m: Cisco's reimbursement to John Chambers

All three companies said they paid less than the market rate. These payments do not count as executive perks.
$200,000: Ralph Lauren was paid that amount by his eponymous company in 2014 to take personal flights on his own private jet
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James Gorman's emergency round trip flight to Australia for the death of his mother cost Morgan Stanley$237,968
Not just corporate airplanes: New York-based CableVision gave $271,761 worth of free personal flights on the company helicopter to three executives in 2013
CSX Corporation — a railway company — gave free flights on the corporate plane to its chief executive.
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$90m: Cost of a Gulfstream V private jet that Apple gave to Steve Jobs in 1999
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Barry Diller is chairman of both Expedia and IAC — and has been receiving free personal flights on the corporate jets from both companies