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Old Today, 08:24 AM
56,309 posts, read 44,711,098 times
Reputation: 35044


Originally Posted by RationalExpectations View Post
San Francisco County Supervisor Matt Haney proposes a tax on companies with "overpaid" executives.


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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