Learn the distinctions between Public Corporations, wholly owned by the government, and Government-Sponsored Enterprises (GSEs), which are privately owned yet receive government support.
A comprehensive overview of the 1993 US tax law that limits the deductible executive compensation by publicly held corporations to $1 million per year, with exceptions for productivity-linked compensation.
Public Corporations are entities formed by federal, state, and local governments to provide specific public services such as education, health and hospitals, waste removal, and transportation. Examples include the Port Authority of New York and the Tennessee Valley Authority (TVA).
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