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So we have a rule that says you can t pay more than $1 million, except if you do it through some kind ofรง performance pay, and that s what led to this stock options boom. which is itself a massive gimmick, and it s been the way that the ceos have been paying themselves because they appoint the committees that grant them the compensation $10 million, $20 million, $30 million a year often, again, unlike any other part of the world. and what the story today in the new york times is saying is that the tax code is essentially underwriting this because it lets the companies deduct fully, not just the $1 million ceiling, but anything that is paid under these stock option rules. even though these stock options are not really performance-related pay. the point of the story is that they got the options at the depths of the stock market crash in the financial crisis, ....