A number of major US companies are cutting back on glamorous luxuries such as personal jet use and country-club memberships, recent corporate filings show. Often the shifts follow pressure from shareholders, who in recent years have criticised soaring executive pay and over-the-top perks. But it doesn’t mean that the “extras” package that comes with a C-suite job is in decline — the surging value of more mundane freebies such as life insurance is more than making up the difference.

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