"Would you believe me if I told you that your tax dollars are lining the pockets of some of the highest-paid CEOs? The Institute for Policy Studies recently released a report examining the performance of the corporate chief executives who have ranked among America’s 25 highest-paid CEOs in one or more of the past 20 years. CEOs from leading government contractors comprise more than 12 percent of the top-paid chief executives in the Institute’s report. In the same years that these CEOs received some of corporate America’s fattest paychecks, their firms snagged $255 billion in taxpayer-funded federal contracts. Five of the companies with the highest-paid CEOs made the top 100 U.S. government contractors list every year over the past 20 years. These firms include two big military contractors — Lockheed Martin and United Technologies — along with IBM, General Electric, and Honeywell. These five companies have received $671 billion in federal contracts over the past 20 years."
Posted on: Tue, 03 Sep 2013 13:02:16 +0000
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