All you have to do is have a subsidiary corporation that the executives work for. They get paid whatever insane amount and the parent company hires the executive company so it’s not direct payroll. I’ve seen this exact arrangement done for other tax reasons.
Comment on Microsoft CEO Nadella's compensation drops... to $48M — CEO to employee pay ratio hits 250 to 1
Ravi@feddit.de 11 months agoI’d like to see such a rule, but doubt that there won’t be any loopholes to circumvent it. You can already see some of those in sports. There are a lot of stories on how clubs “dealt” with financial fair play in european football and I heard rumors of a similar thing with the american salary cap too.
Just some ideas:
- ridiculously long contracts with “fair” pay
- managers are working for a seperate company that only contains managers
- seperate overpayed contracts for a none existing job
- material/service based rewards like private jets
All in all good luck with finding a politician pushing this through (most lf the are exactly in those positions) and finding all the loopholes. Rich people can pay a lot of experts to become even richer
AstridWipenaugh@lemmy.world 11 months ago
ribboo@lemm.ee 11 months ago
There will always be loop holes, but then you fix those. And regardless, loop holes are not used by all, and they take time to find. So that’s no reason not to do it.
Ravi@feddit.de 11 months ago
Absolutely right, but nobody should expect it to be a perfect solution to all the problems.