Is a corporate-owned apartment a perk?
For purposes of the proxy statement filed with the SEC, is a corporate-owned apartment a perk?
It’s a perk if there is personal use involved.
You don’t see these disclosed much anymore – the horror stories from 15 years ago – the SEC’s enforcement actions against Tysons Food, GE and Jack Welch – dampened their acceptance long ago. But with concerns about Covid, I imagine we’ll see a comeback – it’s not as safe as it was to stay in a hotel anymore.
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