"An Analysis of the Effects of the 1964 Internal Revenue Act on Executi" by Robert F. Schwarz
 

Date of Award

3-1968

Degree Type

Master's Essay - Restricted

Degree Name

Master of Business Administration (MBA)

Department

Business Administration

First Advisor

Howard C. Launstein

Abstract

The executive stock option plans enjoyed only a very limited endorsement prior to 1950 primarily be - cause the application of the federal tax laws were not clearly stated. Since 1950 the executive stock option plan - restrictive stock option plan - has received wide spread use as an incentive plan in compensating top executives. The more liberal terms that were enacted in the Internal Revenue Act of 1950 provided the needed stimulus that was necessary for this method of executive compensation to be accepted by the business community. The chief provision in the Internal Revenue Act which made this form of compensation so appealing was the section of the law which stated that any income received from the sale of stock which was held for six months or more would be taxed as a capital gains and not as ordinary income provided the executive a tax savings.

Comments

An Essay Presented to Howard C. Launstein Ph.D. Marquette University In Partial Fulfillment of the Requirements for a Masters Degree in Business Administration, Milwaukee, Wisconsin.

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