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ASU2003 · 06-16-2009, 03:45 PM

Why execs' fat perks roll on - MSN Money

I thought you were going to be bringing up this article on MSN today. Or talking about Obama saying he is going after executive compensation.

There are a lot of scams they do to. Lots of them work for $1 to get around the high income taxes, but get stock that they can cash out in a year and pay 15% on the gains, and claim the loses against the amount of initial value they were purchased for.

And stockholders aren't organized. My 401(k) owns plenty of companies, some 'good', some 'evil'. But the financial institution get to vote in stockholder meetings and they probably get some under-the-table benefits to vote with the board.

06-16-2009, 03:45 PM	#5 (permalink)
ASU2003 immoral minority Location: Back in Ohio	Why execs' fat perks roll on - MSN Money I thought you were going to be bringing up this article on MSN today. Or talking about Obama saying he is going after executive compensation. There are a lot of scams they do to. Lots of them work for $1 to get around the high income taxes, but get stock that they can cash out in a year and pay 15% on the gains, and claim the loses against the amount of initial value they were purchased for. And stockholders aren't organized. My 401(k) owns plenty of companies, some 'good', some 'evil'. But the financial institution get to vote in stockholder meetings and they probably get some under-the-table benefits to vote with the board.