Before Tuesday's election, I wrote about Measure L which would impose a tax on "overpaid executives". Reportedly, the voters approved the measure 65% to 35%. The tax is not limited to Exchange Act reporting companies. It will be interesting to see how businesses react to this tax and whether other jurisdictions impose similar taxes on overpaid executives.
San Francisco Voters Reportedly Approve "Overpaid Executive" Tax
Posted on
November 04, 2020
by
Keith Paul Bishop
Tags: Executive Compensation