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.
Washington D.C. is observing Emancipation Day today, commemorating the historic bill President Lincoln signed into law in 1862 ending slavery in the nation's capital. The Internal Revenue Service is observing the holiday, meaning taxpayers will have until April 18 this year to file their returns. Businesses too. And significant chunks of corporate America will get a pretty sweet deal when it comes time to turn in their returns, if recent history continues. Take Chicago-based Boeing as an example.
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.
The Boeing protest is underway, with hundreds of protesters arriving and chanting, "Another World is Possible!" 
Washington D.C. is 