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CEO Rewards for Tax Dodging


I had just been watching one of those "newz" opinionator programs that had a scroll going across the bottom of the screen saying that corporations were ready to cut back over 51,000 jobs - and then I saw this when I came over to the computer:


Remember this:  The Supreme court ruled that corporations are the same as people.  Therefore the corporations can donate as much as they want to political candidates.

CEO$ rake it in while their corporation$ dodge taxe$

...corporate tax dodging has gone so out of control that 25 major U.S. corporations last year paid their chief executives more than they paid Uncle Sam in federal income taxes.

Here's a few:

PRUDENTIAL FINANCIAL
CEO: John Strangfeld
Executive Compensation, 2010: $17,187,028
U.S. Corporate Income Taxes Paid, 2010: -$722 million

VERIZON
CEO: Ivan Seidenberg
Executive Compensation, 2010: $18,126,854
U.S. Corporate Income Taxes Paid, 2010: $-705 million

BANK OF NEW YORK MELLON
CEO: Robert Kelly
Executive Compensation, 2010: $19,379,257
U.S. Corporate Income Taxes Paid, 2010: -$670 million

DOW CHEMICAL
CEO: Andrew Liveris
Executive Compensation, 2010: $17,739,490
U.S. Corporate Income Taxes Paid, 2010: -$576 million

HONEYWELL
CEO: David Cote
Executive Compensation, 2010: $15,216,953
U.S. Corporate Income Taxes Paid, 2010: -$471 million

INTERNATIONAL PAPER
CEO: John Faraci
Executive Compensation, 2010: $12,303,423
U.S. Corporate Income Taxes Paid, 2010: -$249 million

AMERIPRISE
CEO: James Cracchiolo
Executive Compensation, 2010: $16,252,851
U.S. Corporate Income Taxes Paid, 2010: -$224 million

STANLEY BLACK & DECKER
CEO: John Lundgren
Executive Compensation, 2010: $32,570,596
U.S. Corporate Income Taxes Paid, 2010: -$183 million

CAPITAL ONE FINANCIAL
CEO: Richard Fairbank
Executive Compensation, 2010: $14,850,675
U.S. Corporate Income Taxes Paid, 2010: -$152 million

NABORS INDUSTRIES
CEO: Eugene Isenberg
Executive Compensation, 2010: $13,537,486
U.S. Corporate Income Taxes Paid, 2010: -$138 million

EBAY
CEO: John J. Donahoe
Executive Compensation, 2010: $12,382,486
U.S. Corporate Income Taxes Paid, 2010: -$131 million

MARSH & MCLENNAN
CEO: Brian Duperreault
Executive Compensation, 2010: $14,038,187
U.S. Corporate Income Taxes Paid, 2010: -$90 million

FORD
CEO: Alan Mulally
Executive Compensation, 2010: $26,520,515
U.S. Corporate Income Taxes Paid, 2010: -$69 million

MYLAN LABORATORIES
CEO: Robert Coury
Executive Compensation, 2010: $14,975,235
U.S. Corporate Income Taxes Paid, 2010: -$73 million

ALLEGHENY TECHNOLOGIES
CEO: Patrick Hassey
Executive Compensation, 2010: $14,978,587
U.S. Corporate Income Taxes Paid, 2010: -$47 million

QWEST COMMUNICATIONS
CEO: Edward Mueller
Executive Compensation, 2010: $13,446,399*****
U.S. Corporate Income Taxes Paid, 2010: -$14 million*****

CHESAPEAKE ENERGY
CEO: Aubrey McClendon
Executive Compensation, 2010: $21,044,952
U.S. Corporate Income Taxes Paid, 2010: $0 *****

GENERAL ELECTRIC
CEO: Jeff Immelt
Executive Compensation, 2010: $15,199,762
U.S. Corporate Income Taxes Paid, 2010: -$3.2 billion

CABLEVISION SYSTEMS
CEO: James Dolan
Executive Compensation, 2010: $13,320,691*****
U.S. Corporate Income Taxes Paid, 2010: -$3 million*****

WYNN RESORTS LTD
CEO: Steve Wynn
Executive Compensation, 2010: $14,615,779
U.S. Corporate Income Taxes Paid, 2010: $0*****

COCA-COLA
CEO: John F. Brock
Executive Compensation, 2010: $19,114,318
U.S. Corporate Income Taxes Paid, 2010: $8 million*****


MOTOROLA SYSTEMS
CEO: Gregory Q. Brown
Executive Compensation, 2010: $13,732,802
U.S. Corporate Income Taxes Paid, 2010: $7 million*****


AON
CEO: Gregory Case
Executive Compensation, 2010: $20,783,301
U.S. Corporate Income Taxes Paid, 2010: $16 million*****


MOTOROLA MOBILITY
CEO: Sanjay Jha
Executive Compensation, 2010: $13,016,126
U.S. Corporate Income Taxes Paid, 2010: $12 million*****


BOEING
CEO: Jim McNerney
Executive Compensation, 2010: $13,768,019
U.S. Corporate Income Taxes Paid, 2010: $13 million*****


Details at:
http://www.ips-dc.org/reports/executive_excess_2011_the_massive_ceo_rewards_for_tax_dodging/  http://www.theatlantic.com/business/archive/2011/08/25-ceos-who-earned-more-than-their-companies-paid-in-taxes/244346/#slide16
http://www.ips-dc.org/files/3552/Executive-Excess-CEO-Rewards-for-Tax-Dodging.pdf

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