First, CEO pay is capped by legislation. Huh? Where?
section 162(m) of the Internal Revenue Code
The first $1 million in compensation can be expensed normally. Anything over $1 million must come from after-tax income.
67 posted on 06/17/2006 6:15:15 AM PDT by Erik Latranyi
(The Democratic Party will not exist in a few years....we are watching history unfold before us.)