NEW YORK ( MainStreet) -- Twenty-five of last year's highest-paid corporate CEOs made more than their companies paid in taxes, says a report from the Institute for Policy Studies.According to IPS, the 25 highest-paid CEOs averaged 16.7 million in annual compensation, with 22 of them getting net pay increases last year. In 13 of the companies, these pay increases coincided with either a decline in the corporation's tax bill or an increase in their tax refund check.
|Stanley Black & Decker CEO John Lundgren made $32.6 million last year, while the company he leads got a $75 million tax refund.|
The Obama administration, following Bush's, has effectively decriminalized securities fraud.
It's time for Americans to call 'BS' on Republicans and Democrats alike.