SF to Vote on “Overpaid Executive Tax” This November
Local companies like Gap, Visa, Wells Fargo and Charles Schwab who pay their CEOs over $2.8 million may be subject to a new tax
By Johnny Funcheap - posted 7/30/2020
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Thanks to Fox Business for letting us know that San Francisco voters will get to consider an “Overpaid executive tax” on the ballot this November.
If approved, it’s reported that the tax will focus on companies that pay their CEOs at least $2.8 million a year if the CEO salary is 100x the median worker salary.
San Francisco companies potentially affected by the measure include Gap, Visa, Wells Fargo and Charles Schwab.
Read more at courthousenews.com
