26 Companies That Paid More to CEOs Than in Taxes

by Angela Nazworth | August 16, 2012 10:03 am

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[1] 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:

The entire report, – Executive Excess 2012[28] along with the methodology behind the study, can be downloaded for free at www.ips-dc.org.

Endnotes:
  1. Executive Excess: http://www.ips-dc.org/reports/executive_excess_2012
  2. ABT: http://studio-5.financialcontent.com/investplace/quote?Symbol=ABT
  3. AMD: http://studio-5.financialcontent.com/investplace/quote?Symbol=AMD
  4. ALTR: http://studio-5.financialcontent.com/investplace/quote?Symbol=ALTR
  5. AIG: http://studio-5.financialcontent.com/investplace/quote?Symbol=AIG
  6. APC: http://studio-5.financialcontent.com/investplace/quote?Symbol=APC
  7. T: http://studio-5.financialcontent.com/investplace/quote?Symbol=T
  8. BA: http://studio-5.financialcontent.com/investplace/quote?Symbol=BA
  9. BRCM: http://studio-5.financialcontent.com/investplace/quote?Symbol=BRCM
  10. CHK: http://studio-5.financialcontent.com/investplace/quote?Symbol=CHK
  11. C: http://studio-5.financialcontent.com/investplace/quote?Symbol=C
  12. CBE: http://studio-5.financialcontent.com/investplace/quote?Symbol=CBE
  13. DHR: http://studio-5.financialcontent.com/investplace/quote?Symbol=DHR
  14. DVN: http://studio-5.financialcontent.com/investplace/quote?Symbol=DVN
  15. FE: http://studio-5.financialcontent.com/investplace/quote?Symbol=FE
  16. F: http://studio-5.financialcontent.com/investplace/quote?Symbol=F
  17. HAL: http://studio-5.financialcontent.com/investplace/quote?Symbol=HAL
  18. IP: http://studio-5.financialcontent.com/investplace/quote?Symbol=IP
  19. LUK: http://studio-5.financialcontent.com/investplace/quote?Symbol=LUK
  20. MRO: http://studio-5.financialcontent.com/investplace/quote?Symbol=MRO
  21. MMC: http://studio-5.financialcontent.com/investplace/quote?Symbol=MMC
  22. MMI: http://studio-5.financialcontent.com/investplace/quote?Symbol=MMI
  23. MSI: http://studio-5.financialcontent.com/investplace/quote?Symbol=MSI
  24. NWL: http://studio-5.financialcontent.com/investplace/quote?Symbol=NWL
  25. CRM: http://studio-5.financialcontent.com/investplace/quote?Symbol=CRM
  26. TRV: http://studio-5.financialcontent.com/investplace/quote?Symbol=TRV
  27. TYC: http://studio-5.financialcontent.com/investplace/quote?Symbol=TYC
  28. Executive Excess 2012: http://www.ips-dc.org/reports/executive_excess_2012

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