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Post on August 31, 2011 by 1 Comment »

A new study finds that many big companies pay their CEO more than they pay in federal taxes. How much more evidence do we need that the tax code favors corporations and the wealthy?

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  1. david esmay
    August 31, 2011 at 8:53 am

    Today’s ceos could learn a great deal from Howard Dean, ceo of Dean Foods during the 1980′s. His salary was a million dollars a year and a cadillac. He took the company from 160 million a year in revenues to 1.4 billion a year. Each year the board of directors tried to give him a raise, which he refused, stating that he was paid enough, his family was very comfortable, and they should reinvest their profits in the company. The ceo of Dean Foods today is Greg Engles, he is paid 11 million a year and flies around in a corporate jet. The compensation of ceos today far out strips their actual value to the company, performance has nothing to do with their pay or job security.