nom=de=plume wrote:
wrote in message
...

On Wed, 7 Apr 2010 22:23:46 -0700, "nom=de=plume"
wrote:


Nothing wrong with growing a business from profit. Something is wrong
though
when that runs counter to what's best for the country.

As long as that profit remains in the corporation and gets used to
build the business, the government should leave it alone, When it gets
pulled out, either as compensation, perks or dividends it should be
taxed.


When profit remains and is used to build the business, it's called a
business expense, which is deductible. Sounds like the incentive would be
not to pay anyone much of anything. I think CEO pay should be tied to
performance by an independent board. A lot of excessive CEO pay is due to
the stacking of the Board of Directors by the CEO.


Large public companies have compensation committees that are voted on by
the shareholders. "Excessive" CEO pay is lost profits for shareholders
and can affect the value of the stock - something the executives watch
very closely. They are self-policed to a degree.