Firms End Key Benefit for Executives

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Published in the Wall Street Journal April 21, 2009 by Cari Tuna

Dozens of U.S. corporate executives are losing a controversial benefit — and gaining bigger tax bills.

As the recession fuels outrage over executive-pay excesses, 43 companies in Standard & Poor’s 500-stock index will stop paying certain taxes for their top brass this year, according to a review of 2009 regulatory filings for The Wall Street Journal by compensation-research firm Equilar Inc.

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