Tag Archives: Executive Compensation

Overcompensation: Tying corporate taxes to CEO pay

by Gary Cohn, Capital & Main

CEO PAY 2450496004_d95610dfe4_z_cc 320 x 187

Under SB 1372, if a CEO makes 100 times more than a typical worker in the same firm, the corporate tax rate would be reduced to 8 percent from the current 8.84 percent. At a company where the chief executive makes only 25 times as much as a typical worker, the tax rate would be reduced to seven percent. But at a company where the CEO’s compensation is 400 times as much as the median worker’s, the tax rate would increase to 13 percent. It won’t be easy for SB 1372 to get the required two-thirds majority. Read More ›