> No, it leaves him with profit of 50% of the gain.
We're talking about a gain that he donated.... You want him to pay taxes on that gain, to forgo the deduction for the donation. That leaves him in the hole.
> In CA, it is about 50% of the gain.
Not if it was long-term capital gains. CA gets 10% and the feds get 15% of the remainder.
> Because shareholders do not employ executives to make acquisitions of terrible companies simply for their personal profit.
Cisco's board apparently disagrees.
Because shareholders do not employ executives to make acquisitions of terrible companies simply for their personal profit.
> The value of the deduction for making the donation is significantly less than that gain.
In CA, it is about 50% of the gain.
> Taking the deduction leaves him at 0.
No, it leaves him with profit of 50% of the gain.