Twenty-six big U.S. 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.
On average, the 26 companies generated net income of more than $1 billion in the U.S., the study said.
2 comments:
And? Why should the gov't get such a cut? What do they do for anyone? Yay lets give more to an organization that spends money more inefficiently than any other system!
You notice, it went to the CEO's not the people who actually made the business all their money, like the regular employees!
That's what's wrong with Corporate America, they've forgotten that without your "regular" employees, they have nothing!
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