US profit rates

Doug Henwood dhenwood at
Mon Aug 19 11:20:49 MDT 1996

At 10:58 AM 8/19/96, Rahul Mahajan wrote:

>Any figures on profit rates where you executive compensation is included in
>profits? That would seem to be a more important figure.

Important to the CEOs, but not really of much macroeconomic importance.
Especially now that the bulk of top exec pay is in the form of stock
options, whose cost to the company is basically only the dilution of
profits experienced by existing shareholders when the options are



Doug Henwood
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