Intermediate sanctions: tax traps for the unsuspecting.
In an effort to keep your CEO from leaving, your board is overly generous--with salary, benefits, and perks. But if that generosity goes far beyond the norm for your region and type of organization, you could be letting your CEO and fellow trustees in for some very stiff penalties.
Scott
M
M
Hay Group, Lincolnshire, IL, USA.
D016542:Chief Executive Officers, Hospital / Q000191:economics*; D004649:Employee Incentive Plans / Q000191:economics / Q000331:legislation & jurisprudence*; D006075:Governing Board / Q000331:legislation & jurisprudence*; D006788:Hospitals, Voluntary / Q000191:economics / Q000331:legislation & jurisprudence*; D016365:Liability, Legal; D012456:Salaries and Fringe Benefits / Q000331:legislation & jurisprudence*; D019464:Tax Exemption / Q000331:legislation & jurisprudence*; D014481:United States