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The $65 Million Perk for CEOs: Personal Use of the Corporate Jet Has Soared

One of the flashiest executive perks has roared back since the onset of the pandemic: free personal travel on the company jet.Companies in the S&P 500 spent $65 million for executives to use corporate jets for personal travel in 2022, up about 50% from prepandemic levels three years earlier, a Wall Street Journal analysis found. Early signs suggest the trend continued last year. Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 One of the flashiest executive perks

Palo Alto Networks (PANW) earnings Q3 2022

Palo Alto Networks shares rose 12% in extended trading on Thursday after the network security hardware maker announced fiscal third-quarter results that came in stronger than analysts had expected.Here's how the company did:Earnings: $1.79 per share, adjusted, vs. $1.68 per share as expected by analysts, according to Refinitiv.Revenue: $1.39 billion, vs. $1.36 billion as expected by analysts, according to Refinitiv.Palo Alto Networks said revenue grew 29% year-over-year in the quarter, which ended on April 30, according…