Can somebody explain to me here why when a company lays off i.e. 100 employees it then is allowed a $100KK ($100,000,000) charge against earnings. Obviously each laid off employee does not fade away with $1MM in severance pay fer sherr.
Wouldn't the tax code not encourage all these layoffs by making them profitable to the bottom line? Kinda conspiracy between big bizz and big gov'ment.
What is the catch? And for the unfortunate employees, where is the cash?
the "abbott ceos"? last time i checked there was only one ceo - where do you see that he is buying puts. i have to say, i don't know, but i would think the sec would have something to say about that....