California bill targets companies with highly paid executives

California lawmakers will consider raising taxes on some of the nation’s largest companies, with the size of the tax increase depending on how much each company’s highest-paid executive makes compared to its employees.The bill by state Sen. Nancy Skinner passed out of its first committee hearing Wednesday, keeping it alive ahead of a Jan. 31 deadline to pass the Senate.

“At the happiest place on Earth, they are paid so poorly that they rely on food banks, sleep in cars or live so close to the bone that even a small problem could send them into a death spiral,” Abigail Disney told state lawmakers Wednesday. “Disney has made significant investments to provide for the upward mobility of our employees,” the company said in a statement.

“I’m not here today to defend CEO pay. What I am here today to do is to defend jobs,” he said. “Take the CEO pay out of it. What [the bill] is sending is a broader signal that the Legislature is intending to be able to regulate every aspect of free enterprise in this state.”

nazis

Socialism!

If effect, a large corporation tax...

Great! One way to link employees paid to that of the CEO. Brilliant.

Good bye all the profitable companies in LA. You gonna tax USC for the discrepancy between their football head coach and the players? Dumb.

So a CEO that manages a company with 100,000 employees should have the same pay ratio as a CEO with 100 employees?

Big government. Did China buy California? Seizures next?

Now watch the jobs leave California for States that aren’t mental.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Platform Effect’s Role In Rewriting How Companies Operate And ScaleThe platform effect, when enterprises create innovative ways for buyers and sellers to match supply to demand, is rewriting the rules of how companies operate and how business gets done. At the heart of the platform effect are technology and media companies. Workday
Source: Forbes - 🏆 394. / 53 Read more »

The Innovative Titan: How Large, Established Companies Can Out-Think StartupsIntrapreneurs may not have a clear path to put their own name high atop the company’s glass-and-steel towers. But in every other way, they can and should fight for ownership and identity just as much as an independent would. hondajet Nobu Jet bento anyone ?
Source: Forbes - 🏆 394. / 53 Read more »