•United Technologies. Senior execs get flexible allowances equal to 5% of base salaries. That's worth $84,000 for CEO Louis Chênevert, who used $36,000 for a car lease. Chênevert's 2011 compensation: $22.8 million, plus $7.4 million in stock and options gains.
•C.R. Bard. CEO Timothy Ring got $65,000, plus $8 million in compensation and $15.3 million from options and vested shares. Other execs got $40,000, including CFO Todd Schermerhorn, who exercised options worth $25.6 million. The medical products marketer says allowances offset costs for company cars, financial planning and other perks.
•American Express. CEO Ken Chenault and other execs get $35,000. Chenault's 2011 comp: $22.5 million, plus $5.9 million from vested shares. Chenault's other perks — including use of company aircraft and local travel — cost $365,000. Spokeswoman Marina Norville says allowances have been in effect for years.
I keep wondering when the struggling hard-working, hard-pressed American working people are going to wake up to the screaming injustice of a system that works like this.•Jack in the Box. CEO Linda Lang gets $66,500 a year; other execs, at least $45,000. The fast-food chain says allowances replace other perks and cover costs such as business use of personal cars and cellphones. Lang's 2011 compensation: $4.5 million, plus option gains worth more than $750,000.