Personnel Protection: Executive Compensation and Fringe Benefits is a video presentation. Length: eight minutes.
According to IRS code, any property or service that an executive receives in lieu of or in addition to regular taxable wages is a fringe benefit that may be subject to taxation. There are exceptions to this rule, however, which may include security services provided. In Personnel Protection: Executive Compensation and Fringe Benefits, the factors necessary to exclude security-related expenses from the executive’s taxable gross income are defined, and the benefits to both the executive and the company are discussed.
This eight-minute video presentation of narrated slides is one of 11 modules in the Personnel Protection presentation series, which is designed for companies considering an executive security program or for companies with an executive security program already in place. Each presentation in the series is narrated by Jerome Miller, formerly a commander in the Detroit Police Department and senior manager of international and special security operations at Chrysler Corporation, and Radford Jones, formerly manager of global security and fire protection at Ford Motor Company after 20 years with the U.S. Secret Service. Other topics in this series include concepts of executive security; advance procedures; the executive threat assessment profile; the selection of executive security personnel; kidnapping issues and guidelines; security procedures for residences; and worksite, aircraft, and vehicle operations.
Personnel Protection: Executive Compensation and Fringe Benefits is a part of Elsevier’s Security Executive Council Risk Management Portfolio, a collection of real world solutions and "how-to" guidelines that equip executives, practitioners, and educators with proven information for successful security and risk management programs.
- The eight-minute, visual PowerPoint presentation with audio narration format is excellent for group learning
- Covers the specific section of the IRS code that defines "fringe benefits" and explains how it impacts the executive’s compensation when security services are provided
- Describes the features of a protection program that allow for the exclusion of these services from the executive’s taxable gross income
Mid- to upper-level security executives and business leaders who are responsible for an executive protection program; security professionals who provide services to an executive; educators who are conducting corporate training programs on executive security or who instruct students in the classroom
- Title Page
- Executive Summary
- Personnel Protection: Executive Compensation and Fringe Benefits
- A Proven Practices Presentation
- No. of pages:
- © Elsevier 2013
- 6th September 2013
- eBook ISBN:
Jerome Miller is a military veteran with an extensive law enforcement background. He retired from the Detroit Police Department at the rank of commander, having served as the executive in charge of downtown operations. His duties included the design and facilitation of command post exercises and the revision of contingency plans for large scale field operations. His personal awards include the Detroit Police Department Medal of Valor. Miller has a B.S. in criminal justice from Wayne State University and a M.A. in public administration from Central Michigan University.
After his retirement from law enforcement, Miller became the senior manager in charge of international and special security operations for Chrysler Corporation. Among his accomplishments while at Chrysler was the development and implementation of a corporate wide crisis management plan that represented a benchmark for the automotive industry. He has presented the Chrysler crisis management process at the World Conference on Disaster Management, the International Association of Chiefs of Police annual convention, and the American Society of Industrial Security annual convention.
As a recognized expert in the field of critical incident planning and management, Miller has worked with Michigan State University on a Department of Homeland Security grant for the development and facilitation of tabletop exercises involving public and private sector partnerships throughout the United States. He has experience in evaluating executive protection coverage, performing physical security surveys, and conducting highly sensitive internal investigations.
Miller is an alumni member of the executive board of the U.S. State Department’s Overseas Security Advisory Council, which was created by President Reagan to protect corporations and their personnel overseas. He is a former member of the American Society of Industrial Security, the International Association of Chiefs of Police, and was the chairman of the Michigan Security Police Association.
Emeritus faculty, Security Executive Council; former consultant, critical incident management - public/private partnership, Michigan State University
Rad is an instructor in the School of Criminal Justice, Michigan State University. He teaches a master’s level course on public-private partnership issues in emergency planning and response and conducts university community outreach programs on crisis management and asset protection.
Rad retired as the manager of global security & fire protection, Ford Motor Company, where he was responsible for investigations, executive security, security guards, security/fire systems, and crisis management. Prior to joining Ford he had a 20-year career in the U.S. Secret Service.
He directed MSU - Department of Homeland Security grants in critical incident planning and response for communities and business and a law enforcement executive awareness program on weapons of mass destruction. In June 2000, he published the Critical Incident Protocol - A Public and Private Partnership. He has made a number of presentations and written articles on security and crisis management issues.
Emeritus faculty, Security Executive Council; academic specialist, School of Criminal Justice, Michigan State University