David Kocieniewski of the New York Times:
At least 25 top United States companies paid more to their chief executives in 2010 than they did to the federal government in taxes, according to a study released on Wednesday. The companies — which include household names like eBay, Boeing, General Electric and Verizon — averaged $1.9 billion each in profits, according to the study by the Institute for Policy Studies, a research group. But a variety of shelters, loopholes and tax reduction strategies "allowed the companies to average more than $400 million each in tax benefits...."
Peter Drucker said that profit is a cost of doing business. If so, then why isn't extremely aggressive tax avoidance, though legal, the manifestation of greed rather than leadership?
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