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Mon, 10 Dec 2012 15:45:00 GMT | By Michael Brush, MSN Money
10 outrageously lavish CEO perks

Coca-Cola's Muhtar Kent



Muhtar Kent, chairman and chief executive officer of the Coca-Cola company. (© B Mathur/Newscom/RTR)
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Coca-Cola's Muhtar Kent

Perk: $192,224 for car and parking

Coca-Cola (KO) CEO Muhtar Kent topped the list of CEOs getting car and driver perks last year, clocking in at $192,224 for this benefit. He also got $122,917 worth of personal use of the corporate jet, and $132,134 worth of personal security services. And Kent will likely get a decent tax benefit, courtesy of Coca-Cola shareholders, since they covered $59,000 of his taxes last year.

Coca-Cola filings state the board requires Kent to use the corporate jet for personal travel for security reasons "due to the high profile and global nature of our business and our highly symbolic and well-recognized brands." The car and driver are needed "both for security purposes and to maximize his efficiency during business hours."

But given how much Coca-Cola pays him, it hardly seems like Kent should rely on Coke shareholders to cover the bill for these goodies. After all, he made $29.1 million last year, or more than three times the average CEO pay at large companies, and $24.7 million the year before. He owns three million shares of Coca-Cola, worth $114 million. And he can look forward to a golden parachute worth an estimated $55.6 million.

* Bing: CEOs paid more than their companies' tax bills

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