&amp;amp;amp;amp;amp;amp;amp;#039;Great theater&amp;amp;amp;amp;amp;amp;amp;#039; starring Lincare
There's an interesting tidbit in the St. Petersburg Times this morning about Lincare. It's in a column
by Robert Trigaux about how annual corporate meetings are "great theater." Lincare's annual corporate meeting is coming up (May 11), and Trigaux gives us a primer on a potential topic of discussion:
CEO John Byrnes received total compensation last year of more than $6.5 million — plus a few perks. The company pays for his golf club membership, as well as his undergoing an "extensive physical examination that is not otherwise available to employees."
More unusual, perhaps, is Lincare's making available to its executive officers personal use of company-owned and -operated aircraft. Why? A board of directors' committee said it "believes that the use of such aircraft provides for a higher level of personal security for the company's executive officers."
A company-owned and -operated aircraft for a company that considers Medicare its biggest payer? I'm just saying...