25 Giant Corporations That Paid Their CEOs More Than They Paid Uncle Sam 1SEP11

BET the Congressional budget / deficit committee doesn't do a damn thing about the corporate welfare system. Check this out from MOJO....

—By Josh Harkinson

It might make sense for a small business to pay its top brass more than it doles out to Uncle Sam in taxes, but what if that company has tens of thousands of employees and billions of dollars in profits? Well, this is America folks. What follows is a list of 25 mega corporations that paid one guy—their CEO—more money than what they spent on their entire federal tax bills last year. The same companies averaged $1.9 billion each in profits—money that was earned, in many cases, by cutting thousands of American jobs.
Source: Institute for Policy Studies

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Josh Harkinson is a staff reporter at Mother Jones. For more of his stories, click here. Email him with tips at jharkinson (at) motherjones (dot) com. To follow him on Twitter, click here. Get Josh Harkinson's RSS feed.