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…?

Bill

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

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