Discussion about "End tax break for Canadian executives' stock options, report urges - Toronto Star"

End tax break for Canadian executives' stock options, report urges - Toronto Star

An interesting parallel to the recently discussed NY Times story about corporate tax breaks for stock options in the US.  

Excerpt:

Canada’s 100 highest paid corporate
executives are sitting on $2 billion worth of stock options, much of its
value under-reported and all of it qualifying for beneficial tax
treatment, a new study says

Though perfectly legal, the practice
of granting some portion of executive pay in the form of stock options
has become highly controversial, partly because they have been a factor
in the soaring value of executive pay.

But also because they encourage
corporate chiefs to manage their companies for the benefit of
shareholders at the expense of customers and employees, the report by
the Canadian Centre for Policy Alternatives says.

“Executive bonuses, especially in the
form of stock and option grants – represent the most prominent form of
legal corruption that has been undermining our large corporations and
bringing down the global economy,” the report says, quoting Henry (more at link in title)