CEO Pay...Highly Taxing!

Report: 25 firms paid more in CEO pay than taxes - Yahoo! Finance: "Twenty-five of the 100 largest U.S. corporations paid their chief executives more last year than they paid in federal income taxes, according to a report released Wednesday.

The nonprofit Institute for Public Accuracy says the 25 CEOs averaged $16.7 million in salary and other 2010 compensation.

Most of the companies they ran, meanwhile, came out ahead at tax time. They collected tax refunds that averaged $304 million, based on a review of public filings. The think tank says the 25 firms that paid out more in CEO compensation than U.S. taxes reported average global profits of $1.9 billion.

The institute, based in San Francisco, describes itself as a national consortium of independent analysts and activists with progressive views who work with social movements to challenge corporate influence and military power."

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Drug companies and marketing expenditures

Yet another article on drug companies' spending to influence doctors. Who looks out for the public health and public health spending at large?

Pharma groups pay $150m to US doctors - FT.com:

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The Rich Face of Facebook

Facebook snatches NIT Warangal student for Rs 45 lakh salary - The Economic Times: "It's raining lucrative jobs at NIT Warangal which has had the best placement season so far. The 51-year-old institute started its recruitment drive on August 15 and already has a 21-year-old fourth year BTech computer science student securing the highest ever pay package of Rs 45 lakh per annum. The offer, made by Facebook, has created a record of sorts here. The institute confirmed that the student will be joining the technical wing of the social networking giant, as soon as he completes his course in March next year.

This has set a new benchmark at NIT Warangal in that the highest salary any student from the institute had bagged so far was Rs 20 lakh per annum. From the 2010-11 batch as many as three students had got jobs that paid them Rs 20 lakh per annum, sources at NIT said."

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Cali-no styro-fornia

California considers Styrofoam containers ban - Business - Going Green - msnbc.com: "The bill by Democratic state Sen. Alan Lowenthal, would prohibit restaurants, grocery stores and other vendors from dispensing food in expanded polystyrene containers, commonly known as Styrofoam, beginning in 2016. If signed into law, the measure would make California the first to institute a statewide ban on such containers. More than 50 California cities and counties already have similar bans
The bill would exempt school districts and city and county jurisdictions if they implemented programs that recycled more than 60 percent of their foam waste.
Lowenthal said litter from the foam containers is one of the most abundant forms of debris found in city streets, sewers and beaches.
"It's not biodegradable, it's not compostable, and if it's in the water for a long time, it breaks up into small beads and lasts for thousands of years. It costs millions to clean up beaches," he said."

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