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Authors

David R. Goode

Abstract

Executive compensation covers a broad range of benefits, including current cash payments, stock bonuses and options in their various forms, qualified pension plans, life insurance and even such fringe benefits as use of company provided automobiles and aircraft. A significant portion of the compensation picture encompasses contracts and plans which defer the receipt of income until a taxable period later than the period to which the services giving rise to the compensation are related. Although only one of many compensation devices, deferred compensation is of considerable importance to American industry as a form of executive pay. A recent study of executive remuneration of the Fortune "Top 100" industrial companies showed that fifty-nine of the companies offered their executives some form of deferred compensation contract or plan.

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Tax Law Commons

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