How did Sam Zell manage to avoid a huge tax bill in the Tribune deal? Newsweek's Allan Sloan found a small provision in minimum-wage legislation in 1996 that helped pave the way. It was tucked into a bill to help out the owner of a small Minnesota company who wanted to use an employee stock-ownership plan. The company couldn't do the ESOP because it was an S corporation (usually small businesses that have income taxed...
LA Biz Observed archive
Mark Lacter covered business, the economy and more here from 2006 until his death on Nov. 13, 2013.The entire LA Biz Observed archive — more than 10,000 blog posts by Mark — remains online and available.
Mark LacterMark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
The multi-talented Mark Lacter
New at LA Observed