1. Executive Compensation - Past, Present and Future
... , in which executives defer $1 million plus salaries into loosely regulated plans . This enables companies to avoid paying taxes on $1 million plus salaries that previously were deductible of executives while guaranteeing an above market interest rate. The deduction of $1 million plus salaries was barred in legislation passed in 1994. Often, companies also make additional contributions to these plans usually defined as a percent ... ...
- Word Count: 403
- Approx Pages: 2
- Grade Level: Graduate