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A 2002 Treasury inspector general report stated that of 84 S corporation returns under audit, the average shareholder wage was only $5,300, while the average shareholder distribution was nearly $350,000.
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Walter Hewlett, the Hewlett-Packard heir and shareholder waging a proxy battle to prevent HP from buying Compaq, said an independent HP could be worth $14 to $17 more per share than the merged entity in twelve months.
The United States Chamber of Commerce has complained bitterly about the shareholder campaign waged by the A.F.L.-C.I.O. and other organizations.
For example, his name was raised as a candidate to lead Morgan Stanley when shareholder activists waged a campaign to strip John J. Mack of his chairman title.
Many shareholders pay themselves above-market wages for their management activities, which constitutes a second way of extracting profits from tourism operations.
But other shareholders continued waging war, filing a class action in February 2002 alleging financial misstatements.
An even more intractable problem is the marginalization of low-wage workers in the U.A.E., where unions and collective bargaining are illegal, and where symbiotic relationships between corporations and the state are common: Abu Dhabi is Arabtec's largest shareholder; a countrywide wage strike in May by Arabtec workers resulted in mass deportations, according to the Guardian investigation.
That $10 million retains its character as ordinary income, but because it is treated as a shareholder distribution rather than wage or self-employment income, the distribution avoids the Medicare tax, and saves the trial lawyer nearly $290,000 in tax liability.
12.31pm BST M&S challenged over Living Wage Another shareholder, a former staffer, urges M&S to meet with the Living Wage Foundation so that it can sign up to the scheme.
[C1.] Awkward Spot for Time Warner and Lazard Director A day after Carl C. Icahn teamed up with Bruce Wasserstein's Lazard to wage a shareholder war against Time Warner, a major figure in the fight may have already found himself caught in the crossfire.
An article in Business Day on Thursday about Robert C. Clark, who is a director of both Lazard and Time Warner at a time when Lazard has been hired to help wage a shareholder fight against Time Warner, misstated one of his affiliations.
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CEO of Professional Science Editing for Scientists @ prosciediting.com