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(Image from article: "Some U.S. firms paid more to CEOs than taxes: study")

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Facebook's Mark Zuckerberg faces $1 billion tax bill

Mark Zuckerberg - CNN

Facebook's stock market debut left founder and CEO Mark Zuckerberg with a paper fortune currently valued at $13 billion -- and a 2012 tax bill of around $1.1 billion.vZuckerberg's whopping tax hit stems from his move last May to increase his stake in Facebook. On the day of Facebook's initial public offering, Zuckerberg exercised a stock option and purchased 60 million Facebook shares at a "strike price" of 6 cents each.

 

Some U.S. firms paid more to CEOs than taxes: study

Some U.S. firms paid more to CEOs than taxes: study

Twenty-five of the 100 highest paid U.S. CEOs earned more last year than their companies paid in federal income tax, a pay study said on Wednesday.

 

Gruebel: UBS cannot comply with U.S. request

UBS AG Chief Executive Oswald Gruebel sent a memorandum to the bank's top executives on Thursday saying the bank could not comply with a U.S. government request to disclose the identity of 52,000 secret account holders, a source familiar with the situation told Reuters.

 

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