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Yup, that is all politicians think about... Votes. (both sides). This is typical, knee-jerk reactionary stuff, so it "looks like" the government is doing something. Politicians think EVERYTHING can be fixed with some new legislation. The fact of the manner is that crooks are crooks, and do not care about the laws anyway. Laws only apply to the people honest enough to obey them. cjg Carl J. Galgano EDI Consulting Services, Inc. 550 Kennesaw Avenue, Suite 800 Marietta, GA 30060 (770) 422-2995 - voice (419) 730-8212 - fax mailto:cgalgano@ediconsulting.com http://www.ediconsulting.com AS400 EDI, Networking, E-Commerce and Communications Consulting and Implementation http://www.icecreamovernight.com Premium Ice Cream Brands shipped Overnight "You ain't gonna learn what you don't want to know" - rw I agree Al. It's just election year stuff. I am sure that all of the Enron people, etc, being closely investigated received more than $1M in compensation, which is the current limit on the >salary< amount that is tax deductible to the corporation. (Not the limit on compensation.) This compensation could be in stock, etc. When they pass a new law in response to the Enron, et al, scandal; I wonder if they ever take the time to think a) What violations would this have stopped? b) Who would have been charged, convicted and actually punished, based on this new law alone? Or do they only think: Will this get me more votes? Rob Berendt -- "They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." Benjamin Franklin "Al Barsa" <barsa@barsaconsulting.com> Sent by: midrange-l-admin@midrange.com 08/07/2002 08:09 AM Please respond to midrange-l To: midrange-l@midrange.com cc: Fax to: Subject: CEO Pay (was Green Streak) This is all well and good, but you might just find that: 1). You might not be able to find the right kind of CEO's 2). A number of creative tax measures might be created to defeat this. All in all, it looks like a huge waste of effort and time to circumvent something that others will inevitably get around. Al Al Barsa, Jr. Barsa Consulting Group, LLC 400>390 914-251-1234 914-251-9406 fax http://www.barsaconsulting.com http://www.taatool.com "Peter Dow" <maillist@dowsoftw To: <midrange-l@midrange.com> are.com> cc: Sent by: Subject: Re: Green Streak midrange-l-admin@m idrange.com 08/06/2002 06:43 PM Please respond to midrange-l This no doubt belongs on non-tech, but FWIW: Excerpt from http://www.house.gov/sabo/ap-ie.htm 04/07/2000 WASHINGTON (AP) - Hoping to narrow the gap between skyrocketing CEO pay and employee wages, Rep. Martin Sabo, D-Minn., is pushing legislation that would limit the tax deduction for CEO pay to 25 times that of the company's lowest full-time salary. <large snip> Sabo's proposal is reminiscent of the old policy at Ben & Jerry's Ice Cream, which limited the company's top salary to five times the lowest salary. In 1990, after having trouble attracting topflight management, the ratio was changed to 7-to-1. The company scrapped the policy altogether when company co-founder Ben Cohen stepped down as CEO in 1995, and Ben & Jerry's had its ``Yo, I want to be your CEO'' contest to replace him. Still, the company's current ratio is only 16-to-1 _ CEO Perry Odak made $465,000 in total compensation, while entry-level workers make about $29,000. ``There is a very conscious decision for a compressed ratio,'' said Ben & Jerry's spokesman Lee Holden. ``We pay at the top end of the local scale and the low end of the high (CEO) scale.'' Sabo, who said he was not aware of Ben & Jerry's philosophy, acknowledged that government can only do so much. [Currently the maximum tax deduction a publicly-owned corporation can take for an officer's salary is $1M. And for the cynics, B & J implemented anti-takeover policies, forcing a purchaser to negotiate with the board of directors; when the initial take over offers began, B & J's directors owned 47% of the stock, and the ending price 12/26/99 was $21. They sold for $43.60, so the owners of the remaining 53% did well too. The sale agreement includes mandatory minimum contribution by Unilever to the B & J Foundation of $1.1M annually for 10 years + a 1 time contribution of $5M as well as other concessions -- http://www.benjerry.com/foundation/funding.html You should also check out Sweat X -- http://www.cameraguild.com/news/labor/sweat-x.htm] Peter Dow Dow Software Services, Inc. 909 793-9050 voice 909 522-3214 cellular 909 793-4480 fax ----- Original Message ----- From: <rob@dekko.com> Sent: Tuesday, August 06, 2002 10:00 AM Subject: RE: Green Streak > Simon > > Ben & Jerry's Ice Cream made an announcement to their employees that > no CEO would be paid more than x times than certain other employees. > (I forget the exact numbers.) Turns out they had to renege on that promise. > They couldn't find a qualified CEO. > > I got that from a TV documentary 'Greed' by John Stossel. So good, > they had to run it a few times. _______________________________________________ This is the Midrange Systems Technical Discussion (MIDRANGE-L) mailing list To post a message email: MIDRANGE-L@midrange.com To subscribe, unsubscribe, or change list options, visit: http://lists.midrange.com/cgi-bin/listinfo/midrange-l or email: MIDRANGE-L-request@midrange.com Before posting, please take a moment to review the archives at http://archive.midrange.com/midrange-l. _______________________________________________ This is the Midrange Systems Technical Discussion (MIDRANGE-L) mailing list To post a message email: MIDRANGE-L@midrange.com To subscribe, unsubscribe, or change list options, visit: http://lists.midrange.com/cgi-bin/listinfo/midrange-l or email: MIDRANGE-L-request@midrange.com Before posting, please take a moment to review the archives at http://archive.midrange.com/midrange-l. _______________________________________________ This is the Midrange Systems Technical Discussion (MIDRANGE-L) mailing list To post a message email: MIDRANGE-L@midrange.com To subscribe, unsubscribe, or change list options, visit: http://lists.midrange.com/cgi-bin/listinfo/midrange-l or email: MIDRANGE-L-request@midrange.com Before posting, please take a moment to review the archives at http://archive.midrange.com/midrange-l.
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