This 12th annual study of executive compensation devotes a special section to pay among top defense contractors, illuminating the inequality of sacrifice in the Iraq War.

The report also reviews and updates some of the most harmful pay trends of the past decade and a half, such as excessive compensation for the CEOs who are hurting workers by underfunding employee pensions or those who are straining our public services by not paying their fair share of taxes. For each trend, we have selected inductees in a CEO Hall of Shame who best symbolize these harmful pay policies.

READ THE FULL REPORT [PDF]

Explore all Executive Excess reports from 1994 onward.

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