CEO Pay Statistics: ‘Companies Paid More to CEOs Than In US Tax’August 19, 2012 7:27 am
We spotted the news on Citi CEO’s 2012 pay (Source) – $11.5 Million – which reminded us of this post we had done some time back – that companies actually paid more to their CEOs than what they paid in U.S Tax –
CEO Pay statistics has been a favorite spot for stats here at statspotting. We spotted this today:
“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 by a liberal-leaning think tank.
The study, by the Institute for Policy Studies, 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.”
Statistics Source: Yahoo Finance
Do not try to digest this stat. You probably cannot.