Ship ahoy!

For someone whose total compensation was over $30 million last year, it seems a bit miserly for Charles Eitel, chairman and CEO of TML Bedding, the Atlanta-based mattress company that filed an IPO on Friday, to hit up the company to cover the cost of his yacht crew, which is expected to be just under $100,000 this year. In Friday’s filing, the company, which is best known for its Simmons’ Beautyrest products, disclosed that it is covering the salary and benefitis of the yacht’s captain as well as a first officer. In exchange, the company, which plans to change its name to Simmons after the IPO, will have access to the yacht for 30 days each year “as a venue for corporate and other functions.”