Starwood 2007 Annual Report Download - page 41
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For income tax purposes, Mr. Duncan is a resident of the State of Illinois. The aggregate incremental cost to the
Company for (i) Mr. Duncan’s travel on commercial aircraft, the Company-owned airplane or chartered aircraft
between New York and Chicago, (ii) ground transportation costs and (iii) stays at our hotels in the New York
area was $254,363 in 2007. The value of hotel stays for Mr. Duncan was determined based on the actual
amounts billed to Mr. Duncan and reimbursed by the Company. The net aggregate incremental cost to the
Company of Mr. Van Paasschen’s personal use of the Company-owned plane and chartered aircraft was
$165,606 in 2007. For 2007, also includes relocation benefits which had an aggregate cost of $132,275 and the
reimbursement of $44,556 for legal fees incurred in connection with the negotiation of his employment
agreement. These amounts are included in the All Other Compensation column. The cost of the Company-
owned plane includes the cost of fuel, ground services and landing fees, navigation and telecommunications,
catering and aircraft supplies, crew expenses, aircraft cleaning and an allocable share of maintenance. Pursuant
to SEC rules, the following table specifies the value for each element of All Other Compensation not specified
above other than perquisites and personal benefits that is valued in excess of $10,000.
Name
Rent &
Utilities
($) (2007)
Dividend
Equivalents on
Restricted Stock
($) (2007)
Tax & Financial
Services
($) (2007)
Premiums Paid by
Company for Life
Insurance($)
(2006)
Tax Gross-Up
Payments
($) (2006)
Ouimet .......... 25,992 — — — 126,698
Prabhu .......... — 63,530 — — —
Heyer ........... — 123,807 69,608 142,750 102,858
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