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In the 50's the managers of GM and other successful companies paid over 90% marginal tax on income. I am sure that had an effect on their decision making proce
by asmithmd1 15y ago
In the 50's the managers of GM and other successful companies paid over 90% marginal tax on income. I am sure that had an effect on their decision making process; i.e. Should I pay myself a $1000 bonus and be able to spend less than $90 of it? - or should I re-invest that $1000 in the company?
- RockyMcNuts 15y agoor should I build an empire with lots of perks for me, and just make sure shareholders do well enough that I don't get fired, and who cares if the company goes down the tubes 20 years after I leave.