This article proposes a new federal tax architecture grounded in Shared Capital — a model that links executive deductibility to meaningful employee ownership. For more than thirty years, federal tax law has attempted—unsuccessfully—to restrain executive compensation through §162(m), which limits the deductibility of remuneration paid by publicly held corporations. The current statute prohibits deductions for […]
Over the coming months, my wife and I will ask several companies to conduct Board‑supervised studies of whether substantial, non‑controlling, broad‑based employee ownership transactions could strengthen long‑term alignment, productivity, succession, culture, and stockholder value—while preserving Board authority and public‑market discipline. This is a strategic ownership question, not a compensation or benefits request. Our stockholder proposals […]