Comments on: Executive perk of the day, Vonage edition http://blogs.reuters.com/felix-salmon/2009/11/10/executive-perk-of-the-day-vonage-edition/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: alex http://blogs.reuters.com/felix-salmon/2009/11/10/executive-perk-of-the-day-vonage-edition/comment-page-1/#comment-8925 Thu, 19 Nov 2009 02:08:53 +0000 http://blogs.reuters.com/felix-salmon/2009/11/10/executive-perk-of-the-day-vonage-edition/#comment-8925 Pretty ridiculous. This is not Cingular. This is a voip company. There is not much value in that. Brilliany way for a company to give away their service to stay alive and suck the money dry so the investors will never see their money. What’s next? Executive retreat?

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By: Andrew http://blogs.reuters.com/felix-salmon/2009/11/10/executive-perk-of-the-day-vonage-edition/comment-page-1/#comment-8600 Wed, 11 Nov 2009 12:30:59 +0000 http://blogs.reuters.com/felix-salmon/2009/11/10/executive-perk-of-the-day-vonage-edition/#comment-8600 This does look weird, but another possibility is that it’s just sloppy lawyering.

In particular, the words “costs” and “cost” could be intended to mean costs actually incurred, so costs of private air travel plus actual costs of commercial air travel (on the regrettable occasions when he has to mix with the plebs in first class) would both be covered.

Time to spend less on the private jets, and more on lawyers who can speak English full proper.

Andrew

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By: KenG http://blogs.reuters.com/felix-salmon/2009/11/10/executive-perk-of-the-day-vonage-edition/comment-page-1/#comment-8591 Wed, 11 Nov 2009 07:36:12 +0000 http://blogs.reuters.com/felix-salmon/2009/11/10/executive-perk-of-the-day-vonage-edition/#comment-8591 Is it that difficult to find a CEO in the NJ area who would be able to limit their losses to $600 Million in three years? Are they saying this is the only guy they could find?

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By: Sterling http://blogs.reuters.com/felix-salmon/2009/11/10/executive-perk-of-the-day-vonage-edition/comment-page-1/#comment-8588 Wed, 11 Nov 2009 04:38:33 +0000 http://blogs.reuters.com/felix-salmon/2009/11/10/executive-perk-of-the-day-vonage-edition/#comment-8588 Obviously he’s bringing someone along with him who is not a Vonage employee.

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By: jeff http://blogs.reuters.com/felix-salmon/2009/11/10/executive-perk-of-the-day-vonage-edition/comment-page-1/#comment-8583 Wed, 11 Nov 2009 00:58:06 +0000 http://blogs.reuters.com/felix-salmon/2009/11/10/executive-perk-of-the-day-vonage-edition/#comment-8583 Wow. According the the income statement on Yahoo Finance (link below), Vonage’s combined operating losses for the last three years are more than $600 million. A company in those sorts of dire straights should be flying its CEO on Southwest and Jet Blue, not on private planes.

http://finance.yahoo.com/q/is?s=VG&annua l

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By: Eric http://blogs.reuters.com/felix-salmon/2009/11/10/executive-perk-of-the-day-vonage-edition/comment-page-1/#comment-8580 Tue, 10 Nov 2009 22:46:41 +0000 http://blogs.reuters.com/felix-salmon/2009/11/10/executive-perk-of-the-day-vonage-edition/#comment-8580 Not peculiar at all. One possibility:

He wants to fly his wife up on the jet. That kind of perk is valued the same as the type of first class ticket described in the contract, so its just moving it from Vonage’s left pocket to its right pocket, via the CEO’s bank account. Assuming she actually takes the trip.

Other explanations revolve around the way corporate jet benefits are taxed, but I’ve lost track of how those work.

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