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  • August 31, 2012

    Grand Junction Free Press features report “Executive Excess 2012: The CEO Hands in Uncle Sam's Pocket”

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    Let's simplify: The rich are getting richer, and the poor poorer, including those of us in the middle class. A news item caught my eye a couple of weeks ago noting that 26 of the largest companies in the U.S. paid their CEOs more in salary than the company paid in taxes. The report from the Institute for Policy Studies used James McNerney Jr. of Boeing as an example.

  • August 31, 2012

    Toronto Star features report “Executive Excess 2012: The CEO Hands in Uncle Sam's Pocket”

    Visit the publisher's websiteSee the report

    Meanwhile, CEO salaries are skyrocketing, states the Washington-based Institute for Policy Studies (IPS). Last year, 25 of the top 100 U.S. corporate leaders received more in their paycheques — $20.6 million on average — than their companies paid in taxes, and that includes companies that got government bailouts.

    As for the top 50 "layoff leaders" — those companies that fired the most workers — their CEOs averaged almost $12 million a year in salary.

  • August 30, 2012

    The (Alliance, OH) Review features article “A Bold New Call for a 'Maximum Wage'”

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  • August 30, 2012

    The (Los Angeles, CA) Bell Gardens Sun features article “A Bold New Call for a 'Maximum Wage'”

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  • August 28, 2012

    The Los Angeles Times features report “Executive Excess 2012: The CEO Hands in Uncle Sam's Pocket”

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    "Our report details how taxpayers are in effect rewarding corporate executives for gaming the tax system," said Scott Klinger, a coauthor of the study. "The tax code has become a prime enabler of bloated CEO pay."

  • August 23, 2012

    The Nation features report “Executive Excess 2012: The CEO Hands in Uncle Sam's Pocket”

    Visit the publisher's websiteSee the report

    “That was a bit surprising to us,” says Klinger, “because corporate profits are at a fifty-year high.”

  • August 21, 2012

    The Connecticut Mirror features report “Executive Excess 2012: The CEO Hands in Uncle Sam's Pocket”

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    Nevertheless, report author Sarah Anderson said the tax code is "riddled with lots of loopholes" that allow corporations to unfairly whittle down the tax obligations and need to be closed.

    Anderson said some of those "loopholes" include deductions for research and development and offshore tax havens. "The tax code needs to be looked at more closely, especially since we're dealing with a fiscal crisis," she said.

  • August 20, 2012

    The Takeaway features report “Executive Excess 2012: The CEO Hands in Uncle Sam's Pocket”

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    This isn't going to make any CEOs happy. The Institute for Policy Studies, a left-leaning group in Washington, D.C., released its annual report yesterday. It calls out specific companies like Conoco Phillips and AT&T for paying their CEOs more than they pay the government in taxes. Its conclusion? Taxpayers are padding the pockets of higher-ups at these big corporations.<

  • August 20, 2012

    Venture Beat features report “Executive Excess 2012: The CEO Hands in Uncle Sam's Pocket”

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  • August 20, 2012

    The Las Vegas Sun features article “Subsidizing CEO Welfare”

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