When you consider the millions of dollars top-level executives typically receive, the thought of additional allowances to take care of expenses might seem a little galling. But they’re all too real.
According to a USA TODAY analysis, a number of CEOs and senior-level executives bring home as much as $84,000 a year in these extra allowances — sometimes as part of larger perks packages — to make payments on things like automobiles, homes and travel.
Here’s a quick look at some executives getting a little extra help:
While his salary dropped almost 25% in 2011 (to a modest $11.4 million), the worth of General Electric’s (NYSE:GE) Jeffrey Immelt’s perks — including car allowance and use of the company aircraft — actually jumped about 15% to $447,191 last year.
American Express (NYSE:AXP) CEO Ken Chenault got a $35,000 cash allowance on top of $365,000 of other perks — on top of his nearly $28 million in total compensation.
Costco’s (NASDAQ:COST) James Sinegal received $81,206 in perks like car allowance and insurance premiums in 2011, on top of his $1.6 million compensation, which was down about half from the previous year.
United Technologies (NYSE:UTX) CEO Louis Chenevert received about $84,000 — including $36,000 for a care lease — on top of almost $30 million in total compensation.
Kraft (NYSE:KFT) will pay John Cahill, a chairman in charge of helping the company’s eventual split, compensation of more than $5 million — including a cash allowance of $125,000, with eligibility for $15,000 per year in car allowance.
Ford’s (NYSE:F) Alan Mulally, who made $22.8 million in 2011, earned about $1.4 million in perks, including personal use of the company’s jet, club memberships, car and driver service and sports season tickets.
Motorola Mobility (NYSE:MMI) CEO Sanjay Jha received a monthly housing allowance of $7,400 on top of his $13 million in compensation.
– Kyle Woodley, InvestorPlace Assistant Editor