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Tlaib and Sanders Introduce Bill to Tax Companies for Excessive CEO Pay (truthout.org)

submitted 2 months ago by BrikoX@lemmy.zip to c/usa@midwest.social

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The proposal would raise an estimated $150 billion over a decade if current compensation patterns continue.

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[–] FlexibleToast@lemmy.world 24 points 2 months ago* (last edited 2 months ago) (1 children)

Does it include bonuses? Elon doesn't actually get paid a salary for being CEO of Tesla. He gets stock as bonuses if he meets goals. They just fought to pay him the largest bonus in history at $56 billion (more than the company has ever earned in profit). They also just setup a new bonus for him that would pay out $1 trillion in stock to him... That new package would put his pay at 1,000,000:1 to the average employee.

[–] MadMadBunny@lemmy.ca 4 points 2 months ago

Oh nice you found their loophole!