There Goes the Suite Life

Is no corporate perk sacred? In the struggling economy, sports teams are being blitzed by bean counters taking aim at luxury boxes and club seats. These premium-priced perches are a standard feature in every new stadium and cash machines for teams--they don't have to share the revenues with the rest of the league.

In boom times, corporations gobbled up suites, which go for as much as $400,000 a season. "You could take orders for suites on napkins at a cocktail reception," says Bill Dorsey, executive director of the Association of Luxury Suite Directors, based in Cincinnati, Ohio. "Now you have to...

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