Helvering v. J. L. Brandeis & Sons

VAN VALKENBURGH, Circuit Judge.

The respondent is a corporation with principal offices in Omaha, Neb. Its president was George Brandéis, who owned one-fifth of its stock, and was th.e active worker and manager “upon whom fell the responsibility of the business.” J. L. Ervine Bran-déis, sometimes designated in the record as E. John Brandéis, was vice president of the company and owner of four-fifths of its stock. October 28, 1922, a resolution adopted by the board of directors provided that George Brandéis should receive a fixed salary of $60,000. for each of the years 1923 to 1927, inclusive,…