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In 1993, there was a legislative attempt to limit CEO pay by capping the deductibility at $1 million (the company could pay more but it would not be tax deducti
by ksherlock 10y ago
In 1993, there was a legislative attempt to limit CEO pay by capping the deductibility at $1 million (the company could pay more but it would not be tax deductible as a payroll expense). That $1 million number was the average CEO compensation at large firms, which ought to tell you all you need to know about the effectiveness.