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So, not only do the shareholders pay no tax, but those working in the offices of these companies pay no tax either!
by Upstate NY on Mon Jun 20th, 2011 at 08:50:14 PM EST
[ Parent ]
and of course the officers can pay the employees less, because they won't be taxed on it of course.

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Mon Jun 20th, 2011 at 08:56:31 PM EST
[ Parent ]
I am fairly confident that a not insignificant percentage of higher paid members of staff are family or sons/daughters/etc of serious people / potential allies / partners. They would not be that poorly remunerated, I assume...

The road of excess leads to the palace of wisdom - William Blake
by talos (mihalis at gmail dot com) on Tue Jun 21st, 2011 at 10:04:45 AM EST
[ Parent ]
Indeed, some of the public companies spread out pay to family members so it doesn't look like the CEO is taking a huge salary. This is the kind of stock that Wall Street loves because there's enough suspicion behind the company officers' motives to draw a lot of short interest. Plus, the fact the company is run by Greeks also attracts short interest. Then the mo-mo guys jump on board, pump the story when revenues in oil drilling and shipping come in, and they squeeze the shorts blind.

Wall Street loves stocks with big revenues and muddy stories. Pump and dump.

by Upstate NY on Tue Jun 21st, 2011 at 10:45:04 AM EST
[ Parent ]

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