United States Seventh Circuit
Menard, Inc. v. Comm'r of Internal Revenue, 08-2125
In an action involving executive compensation, tax court's ruling against plaintiff is reversed where: 1) plaintiff's compensation to CEO was not objectively excessive, and did not exceed that of comparable CEOs in 1998; and 2) plaintiff's bonus to CEO was in good faith and did not constitute a concealed dividend.
Appellate Information
- Argued 01/05/2009
- Decided 03/11/2009
- Published 03/11/2009
Judges
- POSNER, Circuit Judge., Before EASTERBROOK, Chief Judge, and POSNER and WILLIAMS, Circuit Judges.
Court
- United States Seventh Circuit
Counsel
- For Appellant:
- Robert E. Dallman (argued), Reinhart, Boerner, Van Deuren, Milwaukee, WI, for Petitioners-Appellants.
- For Appellees:
- Bethany B. Hauser (argued), Civil Div., Immigration Litigation, Gilbert S. Rothenberg, Deputy Assistant Attorney, Department of Justice, Washington, DC, for Respondent-Appellee.