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Old Today, 08:24 AM
 
56,309 posts, read 44,711,098 times
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Quote:
Originally Posted by RationalExpectations View Post
San Francisco County Supervisor Matt Haney proposes a tax on companies with "overpaid" executives.

https://www.cnbc.com/2020/06/17/san-...utive-tax.html

What could possibly go wrong?
Not sure anyone has already mentioned it in this thread but any insurance products sold in the state of CA have a cap on executive salaries that can be treated as expenses. Basically, they make the company pay anything over the amount out of what would otherwise be profit. I think it's 500k as a cut-off.

Regardless, if they're going to do this it should apply to all of the sports teams, entertainers etc. in the state as well.

I get tired of people saying stuff like "oh that person deserves to be paid $20mil because they can act or sing". God forbid however, if a private company pays it's CEO $20mil to head a company with hundreds of billions in revenues because um...that's just like something anyone can do effectively.
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