Million, not billion…

September 1, 2011

Study: Some US firms paid more to CEOs than taxes

WASHINGTON, Aug 31 (Reuters) – Twenty-five of the 100 highest paid U.S. CEOs earned more last year than their companies paid in federal income tax, a pay study said on Wednesday.

* Boeing, which paid CEO Jim McNerney $13.8 billion, sent in $13 million in federal income taxes, and spent $20.8 million on lobbying and campaign spending

Hi – just a heads up. I believe McNerney’s pay should equal $13.8 million, not billion…?


Of course. We corrected: GBU Editor

Jim McNerney, President and CEO of Boeing, is pictured outside the West Wing of the White House in Washington September 16, 2010. REUTERS/Jason Reed

Join the Good, Bad, Ugly Facebook Blog Network

No comments so far

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see