Comments on: Tyco’s Ed Breen is no Derek Jeter… http://www.footnoted.org/perk-city/tycos-ed-breen-is-no-derek-jeter/ Michelle Leder's guide to what's hiding in SEC filings Sun, 12 Oct 2008 02:15:55 +0000 http://wordpress.org/?v=2.6.2 By: Steven Balsam http://www.footnoted.org/perk-city/tycos-ed-breen-is-no-derek-jeter/#comment-4210 Steven Balsam Thu, 20 Dec 2007 11:53:06 +0000 http://www.footnoted.org/perk-city/tycos-ed-breen-is-no-derek-jeter/#comment-4210 While being concerned about his taxes, Mr Breen shows no concern over taxes paid by the shareholders of Tyco. That is, millions of dollars from his compensation package is non deductible under Section 162(m) of the Internal Revenue Code, and has been for years. Yet Tyco has never responded to inquires from this shareholder. Steven Balsam Ph.D. Temple University Fox School of Business Author of "Executive Compensation: An Introduction to Practice and Theory" While being concerned about his taxes, Mr Breen shows no concern over taxes paid by the shareholders of Tyco. That is, millions of dollars from his compensation package is non deductible under Section 162(m) of the Internal Revenue Code, and has been for years. Yet Tyco has never responded to inquires from this shareholder.

Steven Balsam Ph.D.
Temple University
Fox School of Business
Author of “Executive Compensation: An Introduction to Practice and Theory”

]]> By: Frank Graham http://www.footnoted.org/perk-city/tycos-ed-breen-is-no-derek-jeter/#comment-4191 Frank Graham Wed, 19 Dec 2007 04:26:12 +0000 http://www.footnoted.org/perk-city/tycos-ed-breen-is-no-derek-jeter/#comment-4191 Fortune's yearly 101 dumbest biz things is always a brain cleaner. They <a href="http://money.cnn.com/galleries/2007/fortune/0712/gallery.dumbest_bosses.fortune/index.html?section=money_topstories" rel="nofollow">lead with a CEO</a> this time: What happens in Vegas... HBO President Chris Albrecht allegedly punches and chokes his girlfriend while drunk at 3 A.M. in a Las Vegas parking lot. Fortune’s yearly 101 dumbest biz things is always a brain
cleaner. They lead with a CEO this time:

What happens in Vegas…
HBO President Chris Albrecht allegedly punches and chokes his girlfriend while drunk at 3 A.M. in a Las Vegas parking lot.

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