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...