Yet since the mid 1980s we have -- very unfairly to all other taxpayers -- given this same tax incentive to one, not particularly exceptional group of managers who, rather than managing other people's businesses, manage other people's money in either limited partnerships or limited liability companies.
In 2003, the top group of managers earned $107.5 million.
His entourage, including a group of managers from Paris, responded to each request with a crisp "Oui, Chef".
On the few occasions when I was part of a group of managers considering layoffs, the process was agonizing.
Volkswagen's chief executive, Bernd Pischetsrieder, is putting in place his own group of managers to help him run the company.
But when investors throw money at one particular group of managers, the returns often start to sag.
The negotiations were conducted by a group of managers and musicians who called themselves the Electronic Media Forum.
Mr. Rich sold the company to a group of managers, including Mr. Glasenberg, in 1993 for about $600 million.
Now, success is limited to a more select group of managers with the returns and experience to back their business.
"Let me put it this way," Mr. Hernandez recently told a group of managers in a leadership training program at Baruch College's School of Public Affairs.
The project itself goes back to 1982, when a group of managers from the nationalised British Rail visited the new TGV railway in France.
