Plain Talk: Sens. Kohl and Johnson at opposite poles of corporate responsibility
Madison.com
DAVE ZWEIFEL Capital Times
Posted: Friday, September 9, 2011 4:30 am
A recent analysis by the progressive think tank the Institute for Policy Studies has unearthed more evidence of how messed up the country's finances have become.
According to the institute, 25 hugely profitable U.S. companies paid their CEOs more last year than they paid Uncle Sam in taxes.
"In other words, the more CEOs dodge their civic responsibilities, the more lavishly they're paid," said Chuck Collins, co-author of the institute's report "Massive CEO Awards for Tax Dodging."
The tax dodgers, according to Collins, include the CEOs of Verizon, Boeing, Honeywell, General Electric, International Paper, Prudential, eBay, Bank of New York Mellon, Ford, Motorola, Qwest Communications, Dow Chemical and Stanley Black and Decker.
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