We have no evidence that C.E.O.’s are fashioning, with their executive leadership, more effective and efficient enterprises. On the other hand, ample evidence suggests that C.E.O.’s and their corporations are expending considerably more energy on avoiding taxes than perhaps ever before — at a time when the federal government desperately needs more revenue to maintain basic services for the American people.

Posted on August 31, 2011 at 10:37am.

We have no evidence that C.E.O.’s are fashioning, with their executive leadership, more effective and efficient enterprises. On the other hand, ample evidence suggests that C.E.O.’s and their corporations are expending considerably more energy on avoiding taxes than perhaps ever before — at a time when the federal government desperately needs more revenue to maintain basic services for the American people.

—From a report by the Institute for Policy Studies showing how giant companies like eBay and GE pay their CEO’s more than they pay in federal taxes. Utterly shameful.