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Abbott Laboratories (ABT) Rebukes CEO Salary Study


8/20/2012 8:28:22 AM

Healthcare giant Abbott takes exception to a study depicting CEO Miles White's salary as larger than the company's tax contributions. Abbott (NYSE:ABT) rebuked a new study including the healthcare giant in a list of 26 publicly traded companies who allegedly pay their CEOs more than they pay in taxes. Abbott received a $586 million federal tax refund in 2011 and paid CEO Miles White $19 million, according to a study released by the Institute for Policy Studies, figures which an Abbott spokesman called "a blatant misrepresentation of the facts."

Read at MassDevice


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