San Francisco voters approve first-in-the-nation CEO tax that targets income gap
https://www.siliconvalley.com/2020/11/04/san-francisco-voters-approve-first-in-the-nation-ceo-tax-that-targets-income-gap/
San Francisco voters approved a new tax that will target businesses with the most disproportionately paid CEOs.
Measure L required a simple majority to pass and was approved by 65.18% of voters Tuesday night, making San Francisco the first U.S. city to move to tax both private and public businesses based on how “overpaid” their top executives are.