Executive Investigator - $500k limit on pay tax deductibility?

Tracking and Analyzing Executive Salaries, Bonuses, and Perks

Friday, January 30, 2009

James Saft wonders "Is the executive pay bubble popping?" He notes that "Signs are it won’t just be the salaries of bankers coming under fire" in the coming months:

U.S. Treasury Secretary-designate Tim Geithner told Congress last week he would consider extending a $500,000 cap on the tax deductibility of executive pay to companies beyond those taking government bailout money.
“If confirmed, I would consider extending at least some of the TARP provisions and features of the $500,000 cap to U.S. companies generally as well as potentially imposing other rules beyond those potentially in effect,” he wrote in reply to questions from Senator Carl Levin.

Friday, January 30, 2009 7:29:48 PM UTC

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