Filed in archive executive pay by leon on April 2, 2008

Absolutely disgusting! Chief executive officers, the group representing the most spoiled and richest section of society, are getting tax gross-ups.

A Corporate Library study found that one in five US chief executives get help from their companies in paying their income tax bills, reports Reuters.

In other words, investors are paying their tax for them.

The gross-ups are to help cover tax penalties on perquisites such as airplane use for personal travel, housing, gifts, financial planning and country club dues. Some CEOs also get reimbursed for taxes on bonuses or restricted stock awards. Nice work if you can get it. They are really doing it hard!

Paul Hodgson, senior research associate at the Corporate Library has summed it up well. It's simply the "grossest perk", he told Portfolio.com

Related Entries:

Visionary Technology in Library Solutions (VTLS) - 22 September 2004
Dodge: UFO-Auto auf der Leinwand - 15 May 2007
Boardroom breakdown - 16 January 2008
Pay packages rewarding failure - 25 February 2008

« SOX-related boardroom cha... | Main | Class actions rise: more ... »

Permalink: A fistful of dollars: the CEO tax dodge

Tags: Corporate Library tax grossups corporate fistful+dollars dollars+dodge conrad+black

Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/118863

Addthis

Ask

Blinklist

del.icio.us

Digg

Fark

Facebook

Google

Lycos

Ma.gnolia

Mr Wong

Netscape

Netvousz

Newsvine

StumbleUpon

Slashdot

Tailrank

Technorati

Wink

Yahoo

Vote for A fistful of dollars: the CEO tax dodge:

Currently 10.00/10
1
2
3
4
5
6
7
8
9
10

Rating: 10.00 out of 1 vote(s) cast.

Response from:

Absolutely disgusting! Chief executive officers, the group representing the most spoiled and richest section of society, are getting tax gross-ups. One in five US chief executives get help from their companies in paying their income tax bills.

Response from: Don't Mess With Taxes

With tonight being the championship game of the NCAA basketball tournament, the 34th Carnival of Taxes is the Big Tax Dance edition. Now I gotta admit upfront I'm not a basketball fan, so I'm going to keep my hoops' analogies simple. That pre-game anno...