4 Matching Annotations
  1. Jul 2025
    1. In 1937, when the U.S. Securities Commission released a list of corporation salaries to the public, Kulp was the highest individual earner on the entire list. Admittedly, his reported salary of $65,090 doesn’t sound all that impressive, and even after inflation, it’s only a little over $1 million. But that’s probably more of a statement on just how out of whack executive payouts have become in the ensuing decades.
  2. Jul 2022
    1. Under this test, a transaction is deemed an investment contract if a person,

      Howey Test for determining if something is a security

      "Invest his money in a common enterprise "and is led to expect profits solely from the efforts "of the promoter or a third party."

  3. Jun 2018