June 2, 2014
Pay Ratio: California Tax Code Bill Dies
– Broc Romanek, CompensationStandards.com
I have blogged about a California bill – California Senate Bill 1372 – that would tie the state’s tax code to a pay ratio formula as a way to tackle income inequality. Last week, the bill was narrowly voted down in the California Senate, 19-17. See this LA times article; AP article – and Towers Watson note.
Meanwhile, Keith Bishop weighed in with this blog entitled “An Epic Question: Is This Pay Ratio Too Large, Too Small or Just Right?” before the bill died last week…