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Response to bl968 (Reply #3)

Sat Mar 17, 2012, 02:38 PM

24. I'd favor a change in FASB that mandated exec comp as POST-tax distribution of profits.

Executives, particularly officers, should be regarded as agents/proxies for ownership (NOT 'employees') and their compensation treated as after-tax distribution of earnings. In no way should they be treated as "employee compensation" and skew the relevant quick ratios and labor metrics. Also, being "tax deductible," it means, in effect, that every taxpayer subsidizes that redistribution of the wealth created by (real) labor. That's just horseshit.

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Arrow 24 replies Author Time Post
kpete Mar 2012 OP
gateley Mar 2012 #1
SkyDaddy7 Mar 2012 #9
valerief Mar 2012 #17
tooeyeten Mar 2012 #22
gtar100 Mar 2012 #10
The Wielding Truth Mar 2012 #23
DireStrike Mar 2012 #2
LiberalLovinLug Mar 2012 #8
bl968 Mar 2012 #3
usrname Mar 2012 #6
SATIRical Mar 2012 #13
poverlay Mar 2012 #12
MACARD Mar 2012 #15
LineLineNew Reply I'd favor a change in FASB that mandated exec comp as POST-tax distribution of profits.
TahitiNut Mar 2012 #24
Newest Reality Mar 2012 #4
Initech Mar 2012 #5
CrispyQ Mar 2012 #14
BlancheSplanchnik Mar 2012 #18
L0oniX Mar 2012 #7
BlancheSplanchnik Mar 2012 #19
abelenkpe Mar 2012 #11
sabrina 1 Mar 2012 #16
BlancheSplanchnik Mar 2012 #21
fascisthunter Mar 2012 #20
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