AP via the Daily Mail:
“Twenty-six big US companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday by a liberal-leaning think tank.
The study, by the Institute for Policy Studies, said the companies, including AT&T, Boeing and Citigroup, paid their CEOs an average of $20.4 million last year while paying little or no federal tax on ample profits, according to regulatory filings.
Astonishingly, nearly all of the the companies received a net tax refunds of up to $1billion. Others had a tax bill of $0.
On average, the 26 companies generated net income of more than $1 billion in the US, the study said.”
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The Institute for Policy Studies lists these 26 companies that paid their CEOs more than they paid the federal government in taxes:
Company
CEO
CEO pay
Taxes
Profits
Abbott Laboratories
Miles D White
$19million
$586million refund
$4.73billion
AMD
Rory P Read
$15.6million
$3million refund
$491million
Altera
John P Daane
$29.6million
$22million
$771million
AIG
Robert Benmosche
$14million
$208million refund
$17.8billion
Anadarko Petroleum
James T Hackett
$19.5million
$381million refund
$2.65billion
AT&T
Randall Stephenson
$18.7million
$420million refund
$3.94billion
Boeing
James McNerney Jr
$18.4million
$605 refund
$4.02billion
Broadcom
Scott A McGregor
$16.1million
$0
$927million
Chesapeake Energy
Aubrey McClendon
$17.9million
$13million
$1.74billion
Citigroup
Vikram S Pandit
$14.9million
$144million refund
$11.02billion
Cooper Industries
Kirk S Hachigian
$21.1million
$29million refund
$828million
Danaher
H Lawrence Culp Jr
$21.7million
$6million refund
$2.17billion
Devon Energy
John Richels
$13.9million
$143million refund
$4.7billion
FirstEnergy
Anthony J Alexander
$14.4million
$243million refund
$885million
Ford Motors
Alan Mulally
$29.5million
$4million refund
$20.21billion
Halliburton
David J Lesar
$15.8million
$1.03billion refund
$2.84billion
International Paper
John V Faraci
$13.9million
$78million refund
$1.34billion
Leucadia National
Ian Cumming
$28.2million
$0
$68million
Marathon Oil
Clarence P Cazalot
$29.9million
$210million refund
$2.95billion
Marsh & McLennan
Brian Duperreault
$14.3million
$7million
$993million
Motorola Mobility
Sanjay K Jha
$47.2million
$0
$249million loss
Motorola Solutions
Gregory Q Brown
$29.3million
$2million
$1.16billion
Newell Rubbermaid
Michael B Polk
$18.9million
$37million refund
$125million
Salesforce.com
Marc R Benioff
$17.7million
$9million
$11million loss
Travelers Companies
Jay S Fishman
$15.8million
$176million refund
$1.43billion
Tyco International
Edward D Breen
$16.5million
$4million refund
$17.36billion
Source:
Revealed: The 26 ‘kingpin’ corporations that paid their CEOs more than they paid in taxes… and for most the public paid THEM a refund
By Associated Press
10:05 EST, 16 August 2012
http://www.dailymail.co.uk/news/article-2189264/Institute-Policy-Studies-26-companies-paid-CEO-paid-taxes.html
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