Public outcry against lofty executive compensation has been constant since the beginning of the financial crisis, and a new study from the Institute for Policy Studies is sure to fan the flames even more.
The Washington think tank found that 25 of the 100 highest-paid CEOs are actually making more money than their companies are paying in federal income taxes. The average compensation for those 25 CEOs was $16.7 million, according to Reuters.
The IPS report also notes that many of the companies spent more money on lobbying than they paid in taxes.
For a chart containing the details, consult Bhasin’s article in Business Insider.