26 CEOs Make More Than Their Company's Federal Tax Bill

Twenty-six of the top 100 highest-paid U.S. CEOs in 2011 made more than their companies paid in federal income taxes, according to a study released recently by the Institute for Policy Studies.

This figure is up from the 25 from a year ago, with seven companies making the list in both 2011 and 2010. The 26 CEOs who made this year's list were paid an average of $20.4 million, up 23% from the 25 CEOs from last year, IPS points out.

Here are some of the notable firms that made the 2011 list. Figures are for 2011.

American International Group Inc. (NYSE: AIG)

> Global profits: $17.8 billion
> Corporate income tax: -$208 million
> CEO: Robert Benmosche
> CEO pay: $14 million

AT&T Inc. (NYSE: T)

> Global profits: $3.9 billion
> Corporate income tax: -$420 million
> CEO: Randall Stephenson
> CEO pay: $18.7 million

The Boeing Co. (NYSE: BA)

> Global profits: $4.1 billion
> Corporate income tax: -$605 million
> CEO: W. James McNerney
> CEO ay: $18.4 million

Citigroup Inc. (NYSE: C)

> Global profits: $11.1 billion
> Corporate income tax: -$144 million
> CEO: Vikram Pandit
> CEO pay: $14.9 million

Ford Motor Co. (NYSE: F)

> Global profits: $20.2 billion
> Corporate income tax: -$4 million
> CEO: Alan Mulally
> CEO pay: $29.5 million

Tyco International Ltd. (NYSE: TYC)

> Global profits: $17.3 billion
> Corporate income tax: -$4 million
> CEO: Edward Breen
> CEO pay: $16.5 million

Samuel Weigley


Filed under: 24/7 Wall St. Wire, Compensation, Corporate Governance, Research, Tax Tagged: AIG, BA, C, F, T, TYC

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4 Comments

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carsbyjc

WE EVEN BAILED SOME COMPANYS OUT !!!!!

August 24 2012 at 9:59 AM Report abuse rate up rate down Reply
Teri Pugh

Surely there are qualified replacements for these people at a much more reasonable salary. American greed of the people and corporations will be the downfall of us all.

August 21 2012 at 7:47 PM Report abuse rate up rate down Reply
Billy

I read all the corporate income tax numbers to be negative. In that case they all fit.

August 20 2012 at 11:17 PM Report abuse rate up rate down Reply
rwelch8321

This report must be flawed. Only Ford and Tyco fit the head line.

August 20 2012 at 9:20 AM Report abuse rate up rate down Reply