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Journal Communications Inc. Message Board

  • picklepuss022 picklepuss022 May 4, 2005 11:39 AM Flag

    THEORY

    How's this for a theory? The Co. gives board of Directors B stock in lieu of a bonus,they in turn convert to A's,the Co. then buys them back.Capital gains are taxed at only 15%,quite a bit less that a bonus added into ones income and taxed at the ordinary rate.What do think,am I all wet on this one or does it seem plausable? This is my thoughts after reading SEC Form #4 filed on 5?2/05.

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