https://calmatters.org/california-divide/2020/11/san-francisco-ceo-tax-income-gap/ Woo! This looks like a big win either way: 1) Either more money will be raised for the city from stupid app startups with overpaid CEOs or... 2) Whiny companies will up sticks and move out of SF, which means real estate prices become more sane! #taxes #sanfrancisco #inequality
Is this only based on base salary?
Article says TC (base + stock + bonus etc.).
This is so easy to work around. Comps will get rejigged. Why is the state dictating how employees should be paid
This is stupid
Op this cause new entrepreneurs to flee from the city, causing the thriving start up scene to wane. Even if housing becomes cheaper, do you really wish to live somewhere that is soon to be Detroit?
Won’t really matter for most tech companies. Median income for tech worker is 100-200k. 100x that is 10-20 million. Lots of work around a for exec comp such as stock options etc. Going to suck for traditional businesses that hire lots of lower wage workers though.