The 26 Top CEOs Who Made More Than Their Companies Paid In Federal Taxes

[salvorhardin]

This year's crop of CEOs averaged $20.4 million in total compensation, a 23% percent increase over the average for last year's batch of top executives.

Meanwhile, the companies they worked for received an average of a $163 million tax refund from the federal government. Only a handful of businesses paid any federal taxes in 2011.

"The four most direct tax subsidies for excessive executive pay cost taxpayers an estimated $14.4 billion per year — $46 for every American man, woman, and child," writes the IPS. "That amount could also cover the annual cost of hiring 211,732 elementary-school teachers or creating 241,593 clean-energy jobs."

Link: http://consumerist.com/2012/08/the-26-top-ceos-who-made-more-than-their-companies-paid-in-federal-taxes.html

I don't want to excerpt too much from a very short article so here are just the top 5. You can find the rest at the link.

Abbott Laboratories
Miles D. White
$19,001,766
$586 million tax refund

Advanced Micro Devices
Rory P. Read
$15,610,351
$3 million tax refund

Altera
John P. Daane
$29,576,725
$22 million paid in taxes

AIG
Robert H. Benmosche
$13,955,605
$208 million tax refund

Anadarko Petroleum
James T. Hackett
$19,489,285
$381 million tax refund

[orpupilofnature57]

1. Thanks Shrub.

[russspeakeasy]

2. Disgusting...

[salvorhardin]

4. Yep

[WCGreen]

3. Remember this includes their stock options that if they hold for over a year will result in, at the

most, a 28% liability instead of the 35% for wages and salary.