Letters to the Editor
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Actually is has more to do with income taxes
In Europe that glorious monument to fully functional socialist taxation, Executives are compensated with non cash benefits like a car, free tuition, expensive perks, a nanny, free vacations. Because giving them money is just giving most of it to the government. So in order to incent people to come work for them they have to engineer all sorts of financial arrangements that avoid the taxman.
At least they still have beer in the vending machines at my company's corporate cafeterias in Germany.