Friday, August 17, 2012

Executive Excess 2012: The CEO Hands in Uncle Sam's Pocket

The Institute for Policy Studies put out a report, Executive Excess 2012: The CEO Hands in Uncle Sam's Pocket

"In this latest Institute for Policy Studies Executive Excess annual report, our 19th consecutive, we take a close look at the most lucrative tax incentives and subsidies behind bloated CEO pay and highlight those executives who have reaped the highest rewards from tax code provisions that actively encourage outrageously disproportionate executive pay. We also identify the top executives who have benefited the most from what have become known as ‘the Bush tax cuts’—the reductions in federal income tax rates on top-bracket, capital gains, and dividend income enacted in 2001 and 2003."

This is tweeted fact that got me to look at it: "Of last year’s 100 highest-paid U.S. corporate chief executives, 26 took home more in CEO pay than their companies paid in federal income taxes, up from the 25 we noted in last year’s analysis. Seven firms made the list in both 2011 and 2010."

It's a 50 page report that I've just skimmed so far, but there's some interesting stuff there.

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