The GOP Wants to Kill Rule That Led to Astronomical CEO Pay

The GOP Wants to Kill Rule That Led to Astronomical CEO Pay

November 2, 2017, Bloomberg

Michael Francese is quoted in a Bloomberg article regarding a new rule under the Republican tax plan that would eliminate write-offs for performance-linked pay. According to Francese, it’ll apply to new amounts earned and deferred after 2017, while existing balances will be subject to the new rule by 2026. Many companies will likely start phasing out their plans before then.