Credit Card Issuing
This industry comprises establishments primarily engaged in providing credit by issuing credit cards. Credit card issuance provides the funds required to purchase goods and services in return for payment of the full balance or payments on an installment basis. Credit card banks are included in this industry.
$36M Executive Stock Option: Was it Reasonable, Contingent Compensation?
Tax Court finds $36 million exercise of executive stock option was taxable income to the shareholder, but permitted company to take the same amount as deduction for reasonable compensation for the executive’s services.
Davis v. Commissioner (I)
Tax Court finds $36 million exercise of executive stock option was taxable income to the shareholder, but permitted company to take the same amount as deduction for reasonable compensation for the executive’s services.
'Excess Capital' Issue in Dissent Case
Marks Berens, minority shareholder in Marquette Bank Shakopee, was required to surrender his shares pursuant to a consolidation by the majority shareholder of the bank (a bank holding company).
Berens v. Ludwig
At issue is the valuation of the plaintiff's minority interest in a national bank.