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CEOs making $1/year is more due to Clinton's 1993 law against deducting CEO pay above $1,000,000 from taxable corporate income. Before that CEOs were happy to b
by WorkerBee28474 2y ago
CEOs making $1/year is more due to Clinton's 1993 law against deducting CEO pay above $1,000,000 from taxable corporate income. Before that CEOs were happy to be paid normal salaries and pay normal tax on them.
- CalChris 2y agoThat $1M cap rose year by year. According to ProPublica, it was $8.2M in 2014. https://www.propublica.org/article/the-executive-pay-cap-that-backfired https://www.propublica.org/article/the-executive-pay-cap-tha...