More is needed

The Institute for Policy Studies wants to reform corporate pay practices that are unfair. Among their suggestions are:

• Limit the compensation of executives of companies that have taken our money.
• Make the $1,000,000 limit of tax deductibility of executive compensation a reality.
• Value stock options on their grant date, not their exercise date.
• Unlimited tax deductibility of deferred executive compensation.

They also feel that in awarding contracts the government should favor companies with responsible pay practices.