Abbott Laboratories Rebukes CEO Salary Study
Published: Aug 21, 2012
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."