Interview request on Proposition L (SF executive pay tax passed Nov. 2020)

Bit late to this party, and the interview has already been done: I agree that this punitive tax on companies is more naked theft – masquerading as a crusade for “equality” – from the progressive shysters running SF into the ground.

CEO compensation is complicated, often tied to stock options etc. rather than “bags of money”, and if companies are riding a Fed-induced boom, with their share price artificially inflated, then CEO pay is going to rise, all else being equal.

CEO pay is also usually performance-based: so if shareholders/board think a CEO is worth their compensation, then that is their damned business, regardless of how much they pay their janitors.

This tax is, again, the manifestation of the politics of envy, and isn’t going to do a damn thing to help the average worker in any of these companies.

Pompous Fox