Who needs to Jump-seat - February 20, 2007

BusinessWeek looks at some fine print in Fred Smith's compensation and finds...

FedEx Corp. gave CEO Frederick W. Smith $833,000 in jet use and security services on top of his $1.3 million salary in fiscal 2006. FedEx, which requires the CEO to use the jet for all travel, says an independent security consultant determined the need for the benefits.

Why continue a policy of letting employees jump-seat when one flies corporate luxury with a 'security need' as an excuse?