CUTTING TIES WITH THESE 8 CEOS COULD COST $ 1.5B
Most investors accept golden parachutes as just a part of business
Eight current CEOs in the Standard & Poor’s 500 stand to haul in a collective payout of more than $ 1.5 billion from golden parachutes if activated, according to a USA TODAY analysis of data from S& P Global Market Intelligence.
This tally includes estimated payments triggered either by CEOs losing their positions following a change in control such as mergers and also termination without cause.
Golden parachutes, or lucrative payments to executives after being removed from their jobs for various reasons, are regaining attention. Viacom’s ousted CEO Philippe Dauman stands to be paid $ 84 million after being relieved of his duties, executive pay tracking firm Equilar says. And Marissa Mayer of Yahoo could walk with roughly $ 50 million if she chooses to step away after the sale of the company’s core assets to Verizon.
“Yes, these are large figures
tax rate that many small firms pay to 15% from up to 39.6%.
“We’re pleased that the secretary is focused on small business,” NFIB spokesman Jack Mozloom says. “On the other hand, this is a basket of essentially
small ideas that aren’t a substitute for real tax reform that lowers rates and eliminates complexity.”
Clinton’s plan would: Make it easier to start a busi
ness. She wants to provide funding to states and localities that streamline programs to offset lost licensing revenue and work to standardize licensing. Improve access to financing. In 2012, small- business loans made up 29% of all bank loans, down from 51% in 1995, according to the Clinton campaign. She plans to cut red tape for community banks and credit unions. Clinton also proposes letting entrepreneurs defer student loan payments with no interest while getting their firms up and running.
Simplify tax filing. A new standard deduction similar to what’s available for individual filers would eliminate the need to track transportation, com-
puter and other office expenses. Simplify and expand a health care tax credit. The credit would be extended to more employers. Make it easier to work with the government. She’ll guarantee a 24hour response to businesses. Help small businesses fight big
company deadbeats. Clinton says she’ll improve oversight of large firms that stiff their small- business suppliers.