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18 Aug, 2012

US companies pay more to their CEOs, than to the US Government – study — RT

CEO of Boeing James McNerney Jr. got $18.4 million in pay last year while his company received a tax refund of $605 million. The study also laid into Citigroup for paying CEO Vikram Pandit $14.9 million while the bank received $144 million in net tax benefits.

According to the study, the US corporate tax code allows companies to pay big bonuses to executives so they can cut their tax bills while the Treasury gets less money in a time, when the national economy has a trillion debt burden. “Our nation’s tax code has become a powerful enabler of bloated CEO pay,” the report said.

via US companies pay more to their CEOs, than to the US Government – study — RT.