LogFAQs > #921368186

Dave with a note on WWE Corporate ethics

There are a few things notable in these numbers. The first is that taxes make the gap between the two years seem closer than they really are in profit/loss. The companys net, before taxes, this year was a loss of $11,349,000, but the company received $2,953,000 from the government due to the losses when it came to taxes. And the losses were actually due to $12,828,000 in senior management compensation due to bonuses paid this quarter based on meeting performance levels in 2018. Last year the executive bonuses were $7,073,000.

Theres something totally legal but amazingly unsettling when you think about the tax implications in this first quarter, a company that paid nearly $13 million in bonuses and got a $3 million tax break to cover a percentage of losses both in the same quarter.

---

Thank you, Eddie Guerrero.
https://pbs.twimg.com/media/DRlKR5nU8AA_v_C?format=jpg&name=large