Wells Fargo's CEO pay too low? https://finance.yahoo.com/news/wells-fargo-ceo-search-hobbled-162927277.html

You know, I'd like to get a group together, buy a couple of publicly traded companies, and sue the previous CEOs, board members, their auditor, and the company that insures the directors under the doctrine that most CEO pay is not reasonably described as compensation, but as a gift of stockholder funds.
Follow

@lnxw48a1 The legal dance of the veils tax-wise for getting such a group together is discussed here: irs.gov/publications/p550#en_U

I have no objection to what you propose. Just don't set up the "investment club" anywhere near the tentacles of the CA Franchise Tax Board. Nevada would likely be safer since they don't have state income taxes and is reasonably sane.

Sign in to participate in the conversation
Mastodon @ SDF

"I appreciate SDF but it's a general-purpose server and the name doesn't make it obvious that it's about art." - Eugen Rochko