- A 100% tax on all personal compensation over $1 million a year that does not take the form of restricted common stock in the entity issuing the compensation, untradeable for ten years.
- A 100% tax on the sale of and income from all securities derived from stock options paid as part of compensation where the underlying was worth less in inflation-adjusted dollars when exercised than when written.
I like these because the objective is to align the financial interests of senior management with the long term financial security of the company. Maybe corporate officers would have a different perception risk in making business decisions if they were actually exposed to risk themselves.
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