United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office National Security and International Affairs Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1995-02-07 monographic deposited born digital 23 p. GA 1.13:NSIAD-95-75 https://www.govinfo.gov/app/details/GAOREPORTS-NSIAD-95-75 P0b002ee1803a5afe f:ns95075 DGPO 2010-08-12 2011-03-28 GAOREPORTS-NSIAD-95-75 machine generated eng fdlp REPORT GAOREPORTS-NSIAD-95-75 NSIAD-95-75 Contractor personnel Fringe benefits Executive compensation Income statistics Salary increases Defense cost control Cost plus fixed fee contracts Contract costs Research and development facilities Financial management Letter Report NSIAD The Aerospace Corporation runs a federally funded research and development center sponsored by the Air Force. As of September 1994, Aerospace employed 32 executives, 12 of whom were corporate officers. The officers' total compensation averaged about $240,000, and their annual salary averaged about $176,000. From September 1991 to September 1994, total salary cost for all Aerospace executive rose 78 percent, primarily due to raises of up to 29 percent for individual executives in 1992 and a 45-percent increase in the number of executives from 1991 to 1994. In addition, Aerospace paid executives hiring bonuses of $30,000 each in 1993. In an audit started in response to Aerospace's June 1992 salary increases, the Defense Contract Audit Agency (DCAA) initially questioned the reasonableness of the salaries and fringe benefits. In its final report, however, DCAA no longer questioned the reasonableness of corporate officers' salaries but recommended that Aerospace provide further support for corporate officers' fringe benefits. https://www.govinfo.gov/content/pkg/GAOREPORTS-NSIAD-95-75/html/GAOREPORTS-NSIAD-95-75.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-NSIAD-95-75/pdf/GAOREPORTS-NSIAD-95-75.pdf GAO/NSIAD-95-75 https://www.govinfo.gov/app/details/GAOREPORTS-NSIAD-95-75 Letter Report GAO/NSIAD-95-75; Federally Funded R&D Centers: Executive Compensation at The Aerospace Corporation; Contractor personnel Fringe benefits Executive compensation Income statistics Salary increases Defense cost control Cost plus fixed fee contracts Contract costs Research and development facilities Financial management