Is this a surprise to anyone? Anyone at all?
“Seven of the 30 largest U.S. corporations paid their CEOs more last year than they paid in federal income taxes, according to a new report.
“The study found that those seven companies… reported a tax rate of -2.5 percent despite claiming more than $74 billion in combined pre-tax profits.
“They paid their chief executives an average of $17.3 million, according to the study by two Washington think tanks — the Institute for Policy Studies and the Center for Effective Government.
“The number of American companies that pay their chief executives more than they pay Uncle Sam is growing, researchers found.”
Read more: Raw Story
