Elms Progressive Media

CEOs rake it in while their corporations dodge taxes. Guns don't kill people, the old saw goes. People do. By the same token, corporations don't dodge taxes. People do. The people who run corporations. And these people — America's CEOs — are reaping awesomely lavish rewards for the tax dodging they have their corporations do. In fact, corporate tax dodging has gone so out of control that 25 major U.S. corporations last year paid their chief executives more than they paid Uncle Sam in federal income taxes. This year's Institute for Policy Studies Executive Excess report, our 18th annual, explores the intersection between CEO pay and aggressive corporate tax dodging. We researched the 100 U.S. corporations that shelled out the most last year in CEO compensation. At 25 of these corporate giants, we found, the bill for chief executive compensation actually ran higher than the company's entire federal corporate income tax bill. Corporate out...

attempts to overturn California's FAIR Education Act, the law that mandates schools add LGBT history to their curriculum. In late July, the California Secretary of State gave the Capitol Resource Institute, backed by the Family Research Council, the greenlight to proceed with efforts toward a ballot referendum repealing the measure. Palencia spoke with Rex Wockner and other journalists this week about EQCA's efforts to stop anti-equality "extremists" from repealing the law. In a statement and video released yesterday, Palencia goes after the hate group Family Research Council and the lies that it pushes to advance its agenda. Wrote EQCA : Last week the Family Research Council, a virulent anti-LGBT organization with ties to the Ku Klux Klan and recognized as a hate group by the Southern Poverty Law Center, joined the effort to overturn the FAIR Education Act in California and released a video message to fundamentalist churches on behalf of the campaign....

MOSCOW — Russia's state-owned Rosneft teamed up with U.S. company Exxon Mobil on Tuesday in a multibillion deal to develop offshore oil fields in the Russian Arctic — one of the last regions with immense and untapped hydrocarbon deposits — in return for access to resources in the Gulf of Mexico. Because Rosneft does not have its own technology for deep sea drilling, it was looking for partners to develop the offshore projects in the Arctic and other regions of Russia. A deal it was pursuing with Britain's BP earlier this year fell through, leaving the path open for Exxon Mobil. The oil giant already has experience drilling in the Arctic regions of Canada. Rosneft spokesman Rustam Kazharov told The Associated Press that the "strategic partnership" with Exxon was signed in the presence of Prime Minister Vladimir Putin. He was unable to name the plots that Rosneft will work on in the Gulf of Mexico and Texas. Exxon Mobil said in a stat...