#sb 1372

[eastcountytoday]

DeSaulnier CEO Compensation Bill Fails To Pass State Senate For Second Time

After some last minute amendments were announced to a bill that would address the disparity between CEO and worker pay, Senator Mark DeSaulnier was unable to pass his bill through the state senate. The bill failed in a 18-17 vote.

Here is the statement by Senator DeSaulnier:

Senator DeSaulnier Statement on CEO Compensation Bill

Earlier this week, Senator Mark DeSaulnier (D-Concord) announced…

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[eastcountytoday]

Bill to Limit CEO Pay Fails to Pass Senate, DeSaulnier Issues Statement

A Bill that would have punished companies who had their CEO making a larger amount of money in contrast to employees failed to pass the Senate Floor on Wednesday

The State Senate voted 19-17 to reject SB1372 which was an effort to incentivize “fair pay” and reign in the growing disparity between CEO and worker pay.

SB 1372 would have created a new corporate tax table that decreases taxes for…

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[eastcountytoday]

Senator DeSaulnier CEO Pay Bill Headed to Senate Floor After 5-2 Committee Vote

An effort to incentivize fair pay and reign in the growing disparity between CEO and worker pay by Senator Mark DeSaulnier (D-Concord) and Loni Hancock (D-Oakland) is headed to the Senate floor after passing the Senate Appropriations Committee today on a 5-2 vote.

SB 1372 creates a new corporate tax table that decreases taxes for employers with sensible differences between CEO and worker pay,…

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[personalrumblings-blog]

The bill now moving through the California Senate doesn’t compel CEOs and their corporate boards to either raise their employees’ wages or cut their own. It merely presents them with a choice. Those who overpay themselves and underpay their employees can continue to do so but thereby subject their company to higher taxes. Or they can diminish the discrepancy in compensation and thereby lower their company’s taxes.

Harold Meyerson

Love it. He continues, "Today, in the absence of both unions and full employment, using the corporate tax code to boost employees’ pay and limit CEOs’ is one of the few remaining avenues that could enable workers to regain some of their lost income."

[eastcountytoday]

DeSaulnier-Hancock Bill Would Punish Companies For High CEO Salaries

An effort to stop outrageous CEO pay by Senator Mark DeSaulnier (D-Concord) and Loni Hancock (D-Oakland) passed the Senate Governance and Finance Committee today.

SB 1372 creates a new corporate tax table that decreases taxes for employers with reasonable differences between CEO and worker pay, and increases taxes on companies with large disparities between CEO and worker pay.

“History has…

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