Thursday, January 24, 2008

Has Congress Stopped Executives from Raiding the Bank? A Critical Analysis of I.R.C. §409A

"This paper focuses on how §409A began largely as a reaction to the sizeable distributions to Enron executives from their nonqualified deferred compensation accounts shortly before Enron's collapse. The paper discusses how §409A represents a major shift in nonqualified deferred compensation planning but does little to remedy the exact problem at Enron that gave rise to §409A."

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