Tax measure seeks to rein in CEO compensation

Proposition L, a tax measure on the November ballot, is intended to give businesses incentive to change their pay structure to bring executive compensation more in line with workers’. Revenue from the measure, if passed, is expected to range from $60 million to $140 million a year. Sarah Anderson, who directs the Global Economy Project at the Institute for Policy Studies and researches Wall Street reform, CEO pay, taxes, labor and international trade and investment, said the proposal would set an example and would target a business practice that contributes to inequality.