CEOs who Earned more than their Companies' Taxes
By siliconindia
Fremont: An ice of hard time in global economy, when the whole world is undergoing recession, the fact that few companies paid their CEO's more than they paid to their Uncle Sam as tax. Now, who will believe that the recession is on? The fact has broken the ice. According to a new report from the Institute for Policy Studies, at least 25 CEOs earned more than their companies paid in income taxes in 2010. We bring to you five such CEOs who are the icebreakers.
Alan Mulally
Alan Mulally is an American engineer and businessman and the CEO of Ford Motor Company, a renowned vehicle company manufacturing luxury vehicles, earned $26,520,515 in 2010 while the company paid $69 million in taxes to Uncle Sam. Mulally was elected the president and CEO of Ford in 2006. He had been the Executive Vice President of Boeing since 2001. Mulally was responsible to bring back the company to profitability after the recession of the late 2000.
Mulally is a graduate from the University of Kansas with Bachelor of Science and Master of Science degree in aeronautical and astronautical engineering.