Boeing, Ford Among Firms Where CEO Pay Tops Taxes, Study Shows

Boeing Co., Ford Motor Co. and Chevron Corp. are among 29 U.S. companies whose chief executive officers were compensated more last year than their corporations paid in federal income taxes, according to a policy and research firm whose mission is challenging corporate influence.

The 29 companies reported $24 billion in U.S. pretax profits and received $238 million in tax benefits, according to the report by the Institute for Policy Studies in conjunction with the Center for Effective Government. That’s an effective tax rate of negative 1 percent, the study said. The CEOs at those firms were paid $32 million on average last year.