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Originally Posted by RationalExpectations
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Not sure anyone has already mentioned it in this thread but any insurance products sold in the state of CA have a cap on executive salaries that can be treated as expenses. Basically, they make the company pay anything over the amount out of what would otherwise be profit. I think it's 500k as a cut-off.
Regardless, if they're going to do this it should apply to all of the sports teams, entertainers etc. in the state as well.
I get tired of people saying stuff like "oh that person deserves to be paid $20mil because they can act or sing". God forbid however, if a private company pays it's CEO $20mil to head a company with hundreds of billions in revenues because um...that's just like something anyone can do effectively.
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