Libertyville-based Motorola Mobility paid no federal income taxes in
2011 even as company CEO Sanjay K. Jha received $47.2 million in annual
executive compensation.
That is the finding of a report the
Institute for Policy Studies in Washington, D.C. released yesterday that
looks at the 2011 tax returns of the 100 largest American corporations.
The liberal-leaning think tank finds that at 26 of these firms CEOs earned more in compensation than the company paid in federal corporate
income taxes. In addition to Motorola Mobility, the list of these 26
companies includes three other Illinois firms: Abbott Laboratories,
Boeing, and Motorola Solutions.
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