CEOs Rake it in while their Corporations Avoid Taxes

Executive Excess 2011, a new report from the Institute for Policy Studies, found that 25 major U.S. corporations last year paid their chief executives more than they paid Uncle Sam in federal income taxes. Included on the list is Ford Motor Company executive Alan Mulally who received $26,520,515 in compensation in 2010, a 48 percent increase from 2009, while Ford had a $69 million credit on 2010 corporate income tax. Also on the list is Coca Cola Enterprises CEO John F. Brock who was compensated $19,114,318 in 2010, a 71 percent increase from 2009, while Coca Cola paid $8 million in 2010 corporate income tax.