In addition to being the first mass-produced computer with a GUI, the Macintosh introduced the sudden rise of the desktop publishing industry in 1985 with the addition of the Apple Laser Writer, the first laser printer to feature vector graphics.Following a long power struggle, Jobs was forced out of Apple in 1985.The new merged entity is named Broadcom Limited but inherits the ticker symbol AVGO. In May 2016 Cypress Semiconductor announced that it will acquire Broadcom Corporation's full portfolio of Io T products for 0 million.Under the deal, Cypress acquires Broadcom's Io T products and intellectual property for Wi-Fi, Bluetooth and Zig Bee connectivity, as well as Broadcom's WICED platform and SDK for developers.In this paper, we estimate that corporate deductions for executive compensation have been limited by this provision, with public corporations paying, on average, an extra .5 billion per year in federal taxes. Because actual tax return data are, by statute, confidential, our estimates are somewhat imprecise, as we have to infer both the tax deductibility of executive compensation and the corporation’s tax status from public filings.They continue, however, to deduct the majority of their executive compensation, with these deductions costing the U. Our key findings are: Section 162 of the Internal Revenue Code covers trade and business expenses.Jobs and Wozniak co-founded Apple in 1976 to sell Wozniak's Apple I personal computer.The visionaries gained fame and wealth a year later for the Apple II, one of the first highly successful mass-produced personal computers.

I often talk to startups that claim that their compensation package has a higher expected value than the equivalent package at a place like Facebook, Google, Twitter, or Snapchat.

The topic of executive compensation has long been of interest to academics, the popular press, and politicians.

With the continued increase in executive compensation and resultant increase in pay disparity between those executives and the average worker, this issue is once again coming to the forefront of the public policy debate.

In contrast to much of the debate today on the need of the federal government to raise tax revenue, the primary goal of Section 162(m), which limited tax deductions for executive compensation, was not to raise revenue but to reduce excessive, non-performance-based compensation—in other words, to do something about excessive compensation that 1992 presidential candidate William Jefferson Clinton campaigned against.

This paper will review the effectiveness of that provision in achieving its goals, and provide information on how much revenue it has raised or lost due to deductions for executive compensation. Companies have found it easy to get around the law. And it seems to have encouraged the options industry.