Death and taxes are the two universal fates, right? Well, the latter may not hold true for certain executives, whose tax bills are footed by shareholders. On "Morning Call," two compensation experts debated the appropriateness of such supposed free rides.
Charles Elson, director of the Weinberg Center for Corporate Governance, decried "gross-ups": the practice by which elite execs have portions of their taxes paid by company funds. He called it "offensive from the shareholder standpoint," and told CNBC's Mark Haines that it "comes down to investor representation on the board" -- i.e., gross-ups are merely a means of slipping even higher compensation under the noses of shareholders, who would not OK such moves if they had a bigger boardroom voice.