GAO report finds thousands of contractors paid more than VP

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http://www.washingtonpost.com/business/capitalbusiness/gao-report-finds-thousands-of-contractors-paid-more-than-vp/2013/06/21/2de46d00-d472-11e2-8cbe-1bcbee06f8f8_story.html

If a government-mandated cap on contractor executive compensation was required to match the vice president’s pay, more than 3,400 employees from a sample 27 companies would have exceeded it in 2012, according to a new Government Accountability Office report.

The cap, now set at $763,029 per person, represents the amount of employee pay that can be charged to government contracts.

The GAO report comes as the White House and some members of Congress argue for a reduction. They have generally targeted the president's salary of $400,000 or the vice president’s salary of $230,700 as more reasonable limits.

The GAO surveyed 30 contractors — representing about 25 percent of fiscal 2012 Pentagon contracting — but only received complete data from 27. Boeing, Lockheed Martin and Northrop Grumman did not provide the number of employees with compensation in excess of the president and vice president’s salaries, according to the GAO.