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View Diary: Inside the Hostess Bankery (260 comments)

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  •  CEO Salary of $1 (3+ / 0-)
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    kurt, lonespark, PsychoSavannah

    Yeah, that's just a scam.   The CEOs get their money from the company in other ways then.  Stock schemes, deferred compensation, value in trade (the company just buys them things and covers all their bills), bonuses, Supplemental Executive Retirement Plans.  

    And the best thing about it?  Regular salaries are taxed as regular income, but most of these schemes get away with either being taxed at the lower capital gains rate of even avoiding taxes completely.  And of course avoiding all the payroll taxes except on that $1.

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