Investing

26 CEOs Make More Than Their Company's Federal Tax Bill

Twenty-six of the top 100 highest-paid U.S. CEOs in 2011 made more than their companies paid in federal income taxes, according to a study released recently by the Institute for Policy Studies.

This figure is up from the 25 from a year ago, with seven companies making the list in both 2011 and 2010. The 26 CEOs who made this year’s list were paid an average of $20.4 million, up 23% from the 25 CEOs from last year, IPS points out.

Here are some of the notable firms that made the 2011 list. Figures are for 2011.

American International Group Inc. (NYSE: AIG)

> Global profits: $17.8 billion
> Corporate income tax: -$208 million
> CEO: Robert Benmosche
> CEO pay: $14 million

AT&T Inc. (NYSE: T)

> Global profits: $3.9 billion
> Corporate income tax: -$420 million
> CEO: Randall Stephenson
> CEO pay: $18.7 million

The Boeing Co. (NYSE: BA)

> Global profits: $4.1 billion
> Corporate income tax: -$605 million
> CEO: W. James McNerney
> CEO pay: $18.4 million

Citigroup Inc. (NYSE: C)

> Global profits: $11.1 billion
> Corporate income tax: -$144 million
> CEO: Vikram Pandit
> CEO pay: $14.9 million

Ford Motor Co. (NYSE: F)

> Global profits: $20.2 billion
> Corporate income tax: -$4 million
> CEO: Alan Mulally
> CEO pay: $29.5 million

Tyco International Ltd. (NYSE: TYC)

> Global profits: $17.3 billion
> Corporate income tax: -$4 million
> CEO: Edward Breen
> CEO pay: $16.5 million

Samuel Weigley

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.