A recent study released by the Institute for Policy Studies (IPS) asserts that 26 out of last year’s 100 highest-paid U.S. CEOs took home more pay than their companies paid in federal income taxes.
The organization’s 19th consecutive Executive Excess annual report, lambasted corporations for taking advantage of tax loopholes.
“We take a close look at the most lucrative tax incentives and subsidies behind bloated CEO pay and highlight those executives who have reaped the highest rewards from tax code provisions that actively encourage outrageously disproportionate executive pay,” study authors Sarah Anderson, Chuck Collins, Scott Klinger and Sam Pizzigati said in a statement.
Here are the 26 companies that paid its CEOs more than “Uncle Sam” in 2011:
- Abbott Laboratories (NYSE:ABT)
- Advanced Micro Devices (NYSE:AMD)
- Altera (NASDAQ:ALTR)
- AIG (NYSE:AIG)
- Anadarko Petroleum (NYSE:APC)
- AT&T (NYSE:T)
- Boeing (NYSE:BA)
- Broadcom (NASDAQ:BRCM)
- Chesapeake Energy (NYSE:CHK)
- Citigroup (NYSE:C)
- Cooper Industries (NYSE:CBE)
- Danaher (NYSE:DHR)
- Devon Energy (NYSE:DVN)
- FirstEnergy (NYSE:FE)
- Ford Motor (NYSE:F)
- Halliburton (NYSE:HAL)
- International Paper (NYSE:IP)
- Leucadia National (NYSE:LUK)
- Marathon Oil (NYSE:MRO)
- Marsh & McLennan (NYSE:MMC)
- Motorola Mobility (NYSE:MMI)
- Motorola Solutions (NYSE:MSI)
- Newell Rubbermaid (NYSE:NWL)
- Salesforce.com (NYSE:CRM)
- Travelers Companies (NYSE:TRV)
- Tyco (NYSE:TYC)
The entire report, – Executive Excess 2012 – along with the methodology behind the study, can be downloaded for free at www.ips-dc.org.