Excessive CEO compensation isnt a new topic of argument, nor is corporate
taxes. But the Institute for Policy Studies recently reported disturbing
information about both in its annual review of U.S. executive compensation . The
review looked at the countrys 100 highest-paid chief executive officers as of
2010 and 25 of them stuffed more into their bank accounts than their companies
shelled out to the IRS! Of course, thats actually easy to do if your company
isnt paying corporate taxes at all. Which was the case for 20 of the 25
aforementioned companies. Heres a quick look at the top five offenders: CEO Pay
vs. Corporate Taxes Paid Company Ticker CEO Executive Compensation U.S.
Corporate Income Taxes Paid in 2010 Prudential Financial PRU John Strangefeld
$17,187,028 -$722 million Verizon VZ Ivan Seidenberg $18,126,854 -$705 million
Bank of New York Mellon BK Robert Kelly $19,379,257 -$670 million Dow Chemical
DOW Andrew Liveris $17,739,490 -$576 million Honeywell HON David Cote
$15,216,953 -$471 million Source: Institute for Policy Studies Among other study
findings: Major corporate CEOs were paid 325 times more than the average
American worker, up from a 263 multiple in 2009. Average pay for S&P 500 CEOs
averaged more than $10 million in 2010. Read the IPS report Executive Excess
2011: The Massive CEO Rewards for Tax Dodging here. For a look at CEO pay vs.
company performance, read InvestorPlace writer Will Ashworths articles about
Lorillard and Altria , as well as Occidental and Apache .
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