According to the Court, the transaction should be interpreted as an exchange of all of the shareholder's stock in his wholly owned corporation for 425,000 shares of stock in the publicly held corporation
, followed by a redemption of 125,000 of those shares for the $3,250,000 in cash.
To address this problem, it passed IRC section 162(m), which limits to $1 million per year the allowable deduction for compensation paid or accrued to certain executives of publicly held corporations
Under the de minirnis exception, an individual employed by another entity may serve as an outside director for a publicly held corporation
as long as the publicly held corporation
's payments for goods or services to the outside director's entity does not exceed the lesser of $60,000 or five percent of the entity's gross income.
Compensation committee: A compensation committee is the committee of directors--including any subcommittee of directors--of the publicly held corporation
with authority to set and administer performance goals and to certify that performance goals are attained (Regs.
amp; OGDEN, UT -- Vision Works Media Group (OTC:VMDG) a publicly held corporation
announced today that it will merge with Perihelion Global, led by Chairman, Chief Executive Officer & President John H.
This alumni award is given annually to IUP alum serving as an executive in a publicly held corporation
or privately owned business who is demonstrating success in leading a company to new levels of achievement.
GAFRI is a publicly held corporation
and is listed on the New York Stock Exchange (symbol GFR).
Netter served as an officer and director of a publicly held corporation
while it engaged in massive Medicare fraud is one of the factors that infoUSA shareholders should carefully consider when choosing between the two slates of Directors.
is a publicly held corporation
with offices in New York City and Oklahoma City.
Leporace was Vice President, Cable, Broadband, and Satellite, for Convergys, a publicly held corporation
and the world's leading provider of billing, provisioning, and customer care solutions to the broadband and telecommunications industries.
Left on the floor last week was a Sherman-sponsored amendment that would have required accounting firms auditing publicly held corporations
to carry liability insurance to cover investor losses caused by their errors.
NIRI was founded in 1969 and is an international organization with 4,400 members, including the majority of the largest publicly held corporations
in the U.