> works for no salary

Working for no salary is almost never charitable and is almost always just part of a larger tax avoidance scheme.

Yeah I've never thought that that was the win that people seem to think it is. When you're that high up in the company, you have so much stock that you can pretty easily get loans against for however much you need, and write off the interest in the process.

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valleyer 3 hours ago | parent | next [-]

What U.S. tax code provision allows an individual to write off (non-primary-mortgage) loan interest?

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tombert 3 hours ago | parent [-]

Can't you write off capital losses? I've been able to deduct margin interest from my capital gains.

	▲	valleyer 2 hours ago \| parent [-]
		Margin interest is tax-deductible, but only when you're using the loan to buy more securities. So, in context, a CEO who "works for no salary" and just takes out loans secured by their stock holdings to fund their lifestyle does not get to write off that interest. Not to say the "no salary" thing isn't silly anyway, of course.

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rtkwe 5 hours ago | parent | prev [-]

They have to trot it out because otherwise there's not much else to pimp about Cohen as CEO and this attempted deal seems much more oriented to juice the total market value of GME to more easily meet the criteria for his recent pay package rather than a great idea for either company on it's own.

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wordpad 5 hours ago | parent | prev [-]

Doesn't matter as long as incentives are aligned. As a major stockholder and active advocate, he is already vested in success.

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tombert 4 hours ago | parent [-]

I'm not sure that the incentives actually are aligned. It seems like the incentives are to think short term and do sketchy shit to pump the stock.

	▲	wordpad 32 minutes ago \| parent [-]
		>It seems like the incentives are to think short term and do sketchy shit to pump the stock. Its a meme stock, that's what stockholders actually want.