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2016 Postmortem

Ruby the Liberal

(26,618 posts)

5. Deferred Comp has some strange rules.

Reply to Brainstormy (Original post)

Wed Jul 18, 2012, 02:18 PM

Jul 2012

He could have put pre-merger penny stock shares into a tax shelter and held them to an eventual IPO as part of a deferred comp plan when he was raiding these firms. Its called a "mighty oak".

Other options are that he could have had bonus plan structures that were marked as deferred comp.

Why you will see someone drew a salary of $3mm but "made" $36mm in a year. Huge chunks of that is deferred comp. It is even done in government roles for higher paid executives.

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Highlight:

The math on Romney's IRA [View all] Brainstormy Jul 2012 OP

Not True jpbollma Jul 2012 #1

bwahahahahaha.... mike_c Jul 2012 #3

k&r . . . .n/t annabanana Jul 2012 #2

You're assuming that the the laws that apply to us, apply to Mitt CanonRay Jul 2012 #4

Deferred Comp has some strange rules. Ruby the Liberal Jul 2012 #5