The dead money is in massive stock option plans Morneau & his billionaire boys & girls club own. Called DSU's LTIP units, PSU's or RSU's..they are call options hidden in the BS of their high paid legal/accounting network. ...and half taxable!!! Directors can accept options instead of cash...too much tax on regular income. Why pasy 53.53 % when you can pay 26.76%...less than on a dividend at about 39.34% in Ontario. They even allow you to turn dividends or interest into capital gains on their 'notional' shares. They can even vest shares in this stuff immediately with out shareholder approval...what a piece of work. I know whereof I speak. They are going after the little rich people to keep the focus off of their exclusive, up 'til now, club. One bank CEO has $28.4 ,million in deferred options that are...you guessed it, taxed at 26.75% tax. An Ontario worker pays 29.65% on income over $49, 516...morally bankrupt Morneau. Read it here http://bit.ly/2fzKrkD