Of last year’s 100 highest-paid US CEOs, twenty-five took home more in compensation than their company paid in 2010 federal income taxes. As a new report by the Institute for Policy Studies reveals, these twenty-five CEOs averaged $16.7 million, well above last year’s $10.8 million average for S&P 500 CEOs.
Even more stunning is the fact that most of the companies they ran actually came out ahead at tax time, collecting tax refunds from the IRS that averaged $304 million, instead of contributing their tax dollars to the common coffers.
In the slides that follow, the Institute for Policy Studies’s Sarah Anderson uncovers ten companies that paid their CEOs more last year than they paid in corporate income taxes.
Image credit: Francis Reynolds