Shareholders should reward CEOs for building better products or delivering better services, not for accounting gymnastics that game their tax bills down.

Chuck Collins
IPS

For an elite group of American CEOs, sacrifice is for chumps.

As the nation struggles with budgetary constraints, Congress has exempted a group of imperial CEOs and their companies from contributing to the solution.

One special group of CEOs enjoys huge compensation packages while presiding over companies that pay little or no taxes. Twenty-five companies paid their CEOs more last year than they paid in U.S. corporate taxes, according to a new report from the Institute for Policy Studies that I co-authored.

Instead of building better products or providing superior customer service, they spend millions to lobby Congress to change the tax laws so they don't have to pay.

The ranks of these profitable tax dodgers include Honeywell, General Electric, Verizon, eBay, International Paper, Boeing, Dow Chemical, Ford Motor, and Qwest Communications.

(More here.)