Publicly Held Corporation

Publicly Held Corporation

Publicly Held Corporation means:
a business entity (like a corporation or company) that has a class of common stock registered on a national stock exchange. It is a US concept. Each of the top five executives of a publicly held corporation is limited to $ 1 million deductible compensation each. See also executive pay over one million dollars. Former IRC (check if this IRC provision is current here) §162.


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