Wednesday, May 05, 2021

The Rewards of War

A report  by the Center for International Policy entitled Executive Excess: CEO Compensation in the Arms Industry, 2020 (pdf) exposes the "huge sums paid to the CEOs and other top executives of the nation's five largest weapons contractors" in 2020.

 Lockheed Martin, Boeing, General Dynamics, Raytheon Technologies, and Northrop Grumman received over $150 billion in Pentagon contracts during Fiscal Year 2020.

In 2020 alone, the CEOs of those top five contractors collectively raked in $105.4 million. Total compensation for major executives of the top five contractors exceeded $1 billion in total for the four years from 2017 to 2020.

When other major executives at these firms are taken into account—those holding the top positions at each firm whose salaries are required to be publicly disclosed—total executive compensation at the major contractors comes out to $276.5 million for 2020.

Execs at Top Pentagon Contractors Raked in $276.5 Million Last Year, Analysis Finds | Common Dreams News

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