Waveguide polarizers based on embedded thin metallic stacks are propos
ed. Highly efficient TM polarization is obtained for metal thicknesses
smaller than the optical skin depth. The optimal single-metal-layer w
aveguide is found to yield an extinction ratio better than 12.2 dB/mm
and a linear loss below 0.075 dB/mm. Experimental confirmation for thi
s structure is also obtained in polymeric waveguides. Polarization eff
iciencies better than 100 dB/mm with linear losses below 2 dB/mm are c
alculated for multi-stack waveguides. This high performance is found t
o hold even if oxidation at metal-core boundaries is considered.