A new report from the Institute for Policy Studies has found that 25 of the 100 highest-paid CEOS made more than their companies paid in taxes last year.
The nation continues to be plagued by economic woes, but CEOs at top U.S. corporations aren’t exactly feeling the sting. A new report from the Institute for Policy Studies found that 25 of the 100 highest-paid CEOs made more than their companies paid in taxes in 2010. “These 25 companies are extreme examples of how large corporations can get away with picking Uncle Sam’s pocket,” Scott Klinger, IPS associate fellow and co-author of the report, said in a written statement. “And while the CEOs clearly benefit, working- and middle-class families and small businesses are left to pick up the tab.” The IPS explained that these global companies either avoid high tax bills or net large refunds through tax breaks or the use of offshore accounts. CEO compensation includes salary as well as the value of stocks and options awarded during the course of the year. Here’s a look into the report’s analysis of 10 companies with CEOs whose paychecks were bigger than the ones their companies sent to Uncle Sam. Photo Credit: aresauburn