Is There Any Such Thing as Bad Profits?

At a time where the marginal tax rate was close to 90 %, the co had very little incentives to payimself more. And were payn them in kind, so in stuff that is not easily measured. But if you have access to a very sophisticated club, and the company pays those memberships and all the stuff, doesn't use to enter a least in the conversation. Was a way in which they were compensated, but wasa very tax efficient and less visible. Despite all the c cs moves to try to make a executive pay more transparent, i thought e he gave a really good answer to one of the questions i asked him  in a way that is actually more ne