Executive pay -- steady at best?
Philadelphia — Typical corporate executives -- who found their paychecks shriveled by inflation for the third consecutive year last year -- probably won't make any real income gains in 1981 even with the Reagan tax cuts on their side. So reports Wharton Magazine, a University of Pennsylvania journal.
Assuming a 7 percent compound growth rate in total compensation and an average of 9 percent inflation from 1982 to 1984, the new tax rates will only maintain real income and curb further erosion in executive pay.
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