US--CEO Pay-Taxes

August 16, 2012 - 10:36 AM
FILE - In a Tuesday, Feb. 21, 2012 file photo, Boeing Company Chairman, President, and CEO W. James McNerney, Jr. attends the first-ever State Department Global Business Conference, at the State Department in Washington. Twenty-six big U.S. companies paid their CEOs more last year than they paid the federal government in tax, according to a study released Thursday, Aug. 16, 2012 by the Institute for Policy Studies. The study said the companies, including AT&T, Boeing and Citigroup, paid their CEOs an average of $20.4 million last year while paying little or no federal tax on ample profits, according to regulatory filings. The study said McNerney Jr. of Boeing got $18.4 million in pay last year while his company received a tax refund of $605 million. (AP Photo/Manuel Balce Ceneta, File)