WASHINGTON (AFP)--Twenty-five major U.S. corporations paid more to their chief executives than to federal tax collectors in 2010, with most of the companies receiving tax refunds, a liberal-leaning think tank said Wednesday.
The study by the Institute for Policy Studies comes ahead of another expected round of fierce partisan bickering over whether the debt-laden U.S. should raise taxes on the wealthy and close loopholes to boost revenues.
The 25 CEOs -- many from well-known companies such as General Electric Co. ( GE), Verizon Communications Inc. (VZ), Boeing Co. (BA) and eBay Inc. ( EBAY ) -- were among the 100 highest-paid chief executives in the country, with 2010 pay averaging $16.7 million , the report said.
