Amid pandemic, fighting San Francisco’s first-in-the-nation “overpaid CEO tax” may be least of big business’s worries 

Amid pandemic, fighting San Francisco’s first-in-the-nation “overpaid CEO tax” may be least of big business’s worries 

4 years ago
Anonymous $RGO3jP_V_c

https://www.siliconvalley.com/2020/10/26/amid-pandemic-fighting-a-first-in-the-nation-tax-on-overpaid-ceos-may-be-big-business-least-of-worries/

San Francisco could become the first U.S. city to tax public and private businesses whose CEOs are “overpaid.”

But less than two weeks before the election, not one penny has been spent so far on campaigns to oppose Measure L, the so-called Overpaid Executive Tax that would impose new fees on businesses whose executives make more than 100 times the median staff pay, data from the Ethics Committee shows. Just one paid argument, at a cost of $203, was submitted against the proposal to the city’s Department of Elections — and not by a business group, but by former San Francisco supervisor and state Sen. Quentin Kopp.

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