Abbott Labs paid CEO Miles White $19 million, while the company received a $586 million federal tax refund.
Barbara Gilhaus, who retired after teaching 31 years in Illinois, receives $28,000 a year from the Teacher Retirement System.
Governor Quinn gave Motorola a ten-year $100 million tax break.
Motorola paid no federal corporate income taxes in 2011. It paid its former CEO Sanjay Jha more than $47 million in total compensation.
Motorola Solutions, which makes communications equipment for government and industrial customers, paid $2 million in federal income taxes in 2011. CEO Gregory Brown made $29.3 million.
Did I mention that the median teacher pension in Illinois is $24,000 a year?
Among non-Chicago corporations who paid less in federal taxes than they paid their CEOs in compensation:
- Citigroup, with a tax refund of $144 million based on prior losses, paid CEO Vikram Pandit $14.9 million in 2011, despite an advisory vote against it by 55 percent of shareholders.
- Telecom group paid CEO Randall Stephenson $18.7 million, but was entitled to a $420 million tax refund.
Source: Chicago Tribune
Fred Klonsky 
There ya go with the crass whorefare stuff again …
Those darn money grubbing teachers!
My question is, how much money did the employees earn collectively, how much money did they pay in Taxes, how much of the money that the employees earn went back into the economy, how much of that money allowed other individuals to be employed and how much did those people pay in taxes, it is the age old arguement, Everyone wants people put in jail for various crimes, but no one wants the jail built in their back yard. Everyone wants cheaper electric, but no one wants a Neucler Plant built in their neighborhood. Take Abbott Drug Company, do you have any idea on how many stock holders there are that invested their hard earned dollars for the Scientiest to make the drugs that saves lives, if those CEO’s did not make a profit for those stock holders, he or she would have been shown the door. At leat these CEO’s work 5 plus days a week, not like some Professional Athlete who is paid Millions of dollars to hit a baseball or dribble a basketball
J.J.
Get a grip. We’re talking about giant Illinois corporations that make millions but pay no taxes.