General Motors Corporation, in its 1994 Proxy Statement to shareholders, stated the following: “Compensation Deductibility Policy − . . . the Committee believes the regulation to be discriminatory...


General Motors Corporation, in its 1994 Proxy Statement to shareholders, stated the following: “Compensation Deductibility Policy − . . . the Committee believes the regulation to be discriminatory toward the stockholders of publicly held corporations. . . .” Why might General Motors’ compensation committee hold this belief?



May 24, 2022
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