Companies Pay More to CEOs than Uncle Sam

Just when you think you can’t get more upset you pick up a cyber newspaper and in the words of Emeril “BAM,” you get smacked between the eyes. This morning’s draw dropping headline screamed that at least 25 American corporations paid their Chief Executive Officers more in salary than they paid Uncle Sam in taxes.

On the list were such luminaries as Boeing, eBay, Verizon and General Electric. Of the 25 companies the average CEO salary was $16.8 million in 2010 while receiving tax refunds from the federal government. The referenced story reported that Verizon, “gave its CEO an $18 million package while reaping a $705 million tax refund.”

What doesn’t relieve my frustration is knowing that I could print out the subject article, take it to my morning watering hole, and find it defended by Tea Party members and sympathizers, declaring these are the individuals who create jobs and requiring these companies to pay their fair share of taxes would be a “job killer.”

 

One thought on “Companies Pay More to CEOs than Uncle Sam”

  1. did you or the author of the study bother to go on line and check their tax return to see how much in taxes they paid in in order to get such a significant refund or contact their cfo or ceo to find out? you cannot get a refund without first paying in an amount larger than that!

Leave a Reply