Portland, Oregon, has just adopted the first tax penalty on corporations that pay their CEOs more than 100 times what they pay typical workers.
Much like advocates for a federal minimum wage increase, CEO pay reformers are realizing that national change may need to bubble up from the grassroots
CEOs at America’s restaurant giants must be providing some mighty fine service. Their ‘performance’ is costing Uncle Sam, an Institute for Policy Studies report details, nearly a quarter-billion a year. Fast food’s CEO-worker pay gap, adds Demos, has become the nation’s largest.
All across Corporate America, top executives have been feathering their own nests at the expense of their employees. The French have a better idea. And so did the famed business analyst Peter Drucker, the Austrian-born American who founded modern management science.