They're Getting Richer!

Bush cut taxes on dividends to lift the economy, but it's CEOs who are getting the biggest windfall

The ink was still wet on president Bush's stock-dividend tax-rate cut in early June when Corus Bankshares in Chicago voted to triple its annual payout. CEO Robert Glickman said the move was "solely in reaction" to the new tax treatment and that he was "very pleased" to provide shareholders with a beefy new payment. Little wonder. The Glickman family owns half the company, and his 25% stake in the bank will generate $5.8 million in annual after-tax income, up from $1.3 million.

Glickman isn't the only executive who will reap a windfall thanks to the Bush cut, which lowered the tax...

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