Bill to Reduce Disparity in CEO and Worker Pay Clears First Committee

April 28, 2014 11:00 am · 96 comments

An effort to stop outrageous CEO pay by Senator Mark DeSaulnier (D-Concord) and Loni Hancock (D-Oakland) passed the Senate Governance and Finance Committee last week.

SB 1372 creates a new corporate tax table that decreases taxes for employers with reasonable differences between CEO and worker pay, and increases taxes on companies with large disparities between CEO and worker pay.

“History has taught us that the gross disparity between CEO and worker pay is a direct threat to American democracy,” Senator DeSaulnier said. “The difference between CEO and worker pay has sky rocketed over the past few decades—it is unsustainable and a danger to our society. We must focus on restoring the middle class and stop fueling excessive income inequality.”

“This bill begins to address rising income inequality,” Senator Hancock said. “Virtually all of the economic gains of the last several decades have gone to the very few at the top, while hard-working families struggle to hold their own. This inequity is now recognized nationally as a threat to the middle class, and ultimately, to the future of American democracy. Our bill is a start toward creating incentives for ethical and responsible corporate behavior that respects the contributions of all its workers and employees.”

“This growing divergence between CEO pay and that of the typical American worker is not just wildly unfair. It is also bad for the economy,” Former United States Secretary of Labor Robert Reich said. “It means most workers these days lack the purchasing power to buy what the economy is capable of producing—contributing to the slowest recovery on record. Meanwhile, CEOs and other top executives use their fortunes to fuel speculative booms followed by busts.”

“There’s no excuse for a company to lavish its CEO and top executives with tens of millions of dollars they use to by second mansions and yachts while the company’s workers languish below the poverty line,” said Art Pulaski, chief officer of the California Labor Federation. “SB 1372 is a common-sense proposal to rein in out-of-control CEO pay. It provides incentive for corporations to act responsibly. It’s a step in the right direction to address income inequality. And most importantly, it restores balance and fairness to California’s economy.”

Under SB 1372, taxes would decrease for companies in which the CEO makes no more than 100 times of the average salary of workers. Taxes would increase on companies that pay CEO’s 100-400 times more than workers.

According to the AFL-CIO’s Executive Pay watch, in 2012, the CEO of an S&P 500 Index company received an average compensation of 354 times more than the median US worker.

In 2012, the average CEO pay in California was $5,054,959, while the median worker pay in California was $48,029.

Additionally, SB 1372 imposes a penalty on corporations that shift their employment practices to contract employees.

1 Chuckie's Wife April 28, 2014 at 11:07 AM

Great. Yet another law that’s business unfriendly. Large companies will just move their CEOs out of state. Problem solved. CA will not be able to dictate what goes on outside of its borders. So how will they assess taxes?

2 Domestic CEO April 28, 2014 at 11:12 AM

Darn! There goes my high-paying job… oh yeah, I don’t get paid. Never mind. :)

3 NoWaytoWin April 28, 2014 at 11:13 AM

I wonder if passage of such a bill will just cause more companies to do business elsewhere (not in CA). It seems like many companies are leaving the state in order to avoid state taxes, state rules (environmental, worker’s comp, etc.). The greed of company CEOs will never stop. Greed is a disease. What we need are more rich people like Warren Buffet.

4 Pegasus April 28, 2014 at 11:16 AM

Let the campaign frenzy commence!

5 . April 28, 2014 at 11:16 AM

From the democrat party line rubber stamp politician.
Just what is NOT needed in Congress.
Once again the democrat party line, the root of all evil and the reason for all your problems in life is “The Rich”.

Where are the campaign contributions are coming from?
http://followthemoney.org/database/StateGlance/contributor_details.phtml?&c=137483&s=CA&y=2012&summary=0&so=a#sorttable

6 Dorothy April 28, 2014 at 11:28 AM

That should stop companies from leaving California.

7 typical concord resident April 28, 2014 at 11:31 AM

Corporations will just move out of California to a friendlier state. Highly skilled, competent workers are a dime a dozen!

8 Nothing... April 28, 2014 at 11:33 AM

is going to keep the greedy rich from getting
richer, nothing.
Our usual posters can say what you will,it’s the
Liberals, it’s the Conservatives.
The theft of Americas Future goes on right before
our noses from every quarter.

9 Wall&Broad April 28, 2014 at 11:35 AM

So I earn one tenth what the average CEO earns, and I earn ten times what the average worker earns… so I guess I’m solidly in the middle class.

10 Comrade April 28, 2014 at 11:46 AM

Once again a Democrat comes up with a way to gouge money from business, in the name of social “justice”. Any one honestly surprised?
Old hard line socialists, from former Soviet Union, must be envious.

11 PO'd April 28, 2014 at 11:47 AM

What appears on the surface to be a way to make income distribution be more fair and stick it to fat-cat corporate types who are over-payed will in fact have a detrimental effect on California’s economy, as companies that are still headquartered here will move elsewhere.
Pro athletes are already complaining about California’s income tax, as did Bill Maher (!!) Companies don’t like to manufacture here already (no cars except for Tesla are made here anymore).The list goes on and on.They’ll just pack it up to some other state, taking jobs with them.The amount of companies that have already moved on is staggering.
California is already the least desirable state to do business in, so making it tougher on employers is rather stupid.
The other aspect of this is the dangerous precedent of moving the government closer to establishing salaries for anyone.
It’s classic Ivory Tower thinking with a little Karl Marx thrown in for good measure-however, it’s economically suicidal.
If Lonnie Hancock is involved,then it is going to be in a socialist direction.
I would hope that my State Senator would have more sense than that since he was a local businessman before entering politics.

12 Jerk April 28, 2014 at 12:02 PM

They should start with BART board of directors. Might as well add the Golden Gate Bridge board of directors while you’re at it.

13 CA Leaving April 28, 2014 at 12:03 PM

“In 2011, the top 1 percent of tax returns accounted for 41 percent of the state’s personal income tax revenues, and that was before Proposition 30 raised rates on the rich. Meanwhile, about half of California adults paid no state income tax that year, according to an estimate from the state Finance Department.”
‘ State leaders closely watch migrating millionaires ‘
http://www.sfgate.com/business/networth/article/State-leaders-closely-watch-migrating-millionaires-5135090.php

2013 Best & Worst States for Business
Texas # 1
http://chiefexecutive.net/texas-is-the-best-state-for-business-2013

CA is, as it has been every year, DEAD LAST
http://chiefexecutive.net/10-worst-states-for-business-2013-slideshow/10

14 Schmee April 28, 2014 at 12:03 PM

Cheers.

Corporations will have a threat for every proposed legislation or tax against them. If my company loses money or makes 250 million like we did last year we dont get any extra pay increases but out CEO does. Nothing changes without legislation. They don’t ever just choose to raise everyone in our corporations pay scaled without motivation.

Wisen up people.

15 J R April 28, 2014 at 12:09 PM

J R Walnut Creek
Toyota announced today that U.S. marketing operations will move from So. Ca. to Texas. An unfriendly business environment in CA and proposals like this one add encouragement to move out of California.

16 Crankcord Doug April 28, 2014 at 12:10 PM

Hey Einsteins,
This tax is based on money that was earned in California… the only way to avoid it is to not earn any money in California. Moving your company out of the state will not change anything if you continue to sell products in the state. Any CEO that decides to avoid the 40 million consumers in California to save 1% on taxes will not be CEO for long.

17 CA Exdous Continues April 28, 2014 at 12:10 PM

Toyota is moving it’s marketing headquarters from Torrance to Texas.

18 Killjoy April 28, 2014 at 12:11 PM

Companies will leave California in droves.

19 Noj April 28, 2014 at 12:14 PM

Hey Mark, did you get the latest news from LA? It’s you, dummy. It’s you!

It Makes Sense For Toyota To Leave California For Texas
4/27/2014 @ 9:28PM

For Japanese auto brands, the logic of keeping their U.S. sales and administrative arms in California is breaking down under the outrageous penalties of conducting business in the Golden State and the changing dynamics of the North American automotive industry. So Toyota is leaving, according to Automotive News.

And where is Japan’s biggest automaker relocating its sales and marketing operations in America? Why, North Texas, of course. The move to Plano, Texas, will involve most of the 5,000 managers and employees at Toyota’s current Torrance, Calif., headquarters, the magazine said.

Texas Gov. Rick Perry apparently didn’t even have to make a recruiting trip to southern California to get Toyota to do this, although he has helped lure plenty of companies with that gambit over the last several years.

And yet Texas has scored one of the biggest prizes so far in its very focused, state-on-state battle with the administration of Gov. Jerry Brown to get plum companies now headquartered in California to abandon the bluest state for the reddest one.

20 The Professor April 28, 2014 at 12:28 PM

Just another reason for a company to move to Texas.

BTW, Mark and Loni get paid $90,526 per year. That more than twice the median worker pay in Cali. Let’s start the income inequality crusade at the Senate.

21 BagsFlyFree April 28, 2014 at 12:29 PM

Our national tax code is broken, and needs to be overhauled before we at a state level decide to pick the pockets of the Zuckerschmuck, Brin, or Tim Cooks of the world.

Corporations that are US funded and developed should have a maximum amount of income that can be offshored before “X” amount of years. Google is less than 15 years old and most of it’s profits are not taxed due to existing tax code loopholes. Fix the laws and boot the people that protect the status quo!

BFF Out!

22 WTF ? April 28, 2014 at 12:34 PM

No wonder why all of our work is moving out of state.

I know you mean well, but you are doing more harm than good.

23 Pleasant Hill Resident I April 28, 2014 at 12:47 PM

This bill is stupid.

While I agree that the wage/earning gap is ludicrous in our country and that salary reform of some sort would be ideal, this bill will reduce the amount of state taxes that are coming in from the companies that manage to adhere to this nonsense and will likely further drive out corporate offices/businesses that may otherwise stay in CA for now. California is already losing necessary talent to more affordable states and now this? What a joke.

24 Pleasant Hill Resident I April 28, 2014 at 12:49 PM

@BFF # 21 – I totally agree.

25 WTF? April 28, 2014 at 12:50 PM

DeSaulnier strikes again and now teams up with Loni Hancock of Berkeley! We just get dumber and dumber here in The Land of Fruits and Nuts!

26 unknown April 28, 2014 at 12:53 PM

100 million to sport guys – and you worry about few million for CEO!
The people who can’t leave CA, will have their taxes go way up.
Thanks.

27 Gary April 28, 2014 at 12:57 PM

This idiot politician has NO concept of what goes on in the business world. He doesn’t understand that the officers of company report to the Board of Directors, who report to the shareholders – the real owners of the company. But he wouldn’t know that….

While I won’t go into the economics of business finance (as it’ll take more space than is available), suffice it to say that a bill of this type will have negative consequences where the shareholders are concerned. Companies moving out of state will have multiple effects – reduced property taxes to the counties and a higher unemployment rate for starters.

I think this is another of DeSaulnier’s feel-good, do-nothing bills/laws.

Besides, let’s take a look at how much the union officials make….and while we’re at it, let’s see how much money the unions have contributed to DeSaulnier and Hancock.

28 aClaycordian April 28, 2014 at 12:58 PM

“History has taught us that the gross disparity between CEO and worker pay is a direct threat to American democracy,” Senator DeSaulnier said.

Cite your source, you liberal stooge. I bet you can’t, because you just made that bullcrap up. Last I checked, unsustainable government spending with excessive taxation was a direct threat to democracy (until we threw that government out)

29 Got any spare change.....? April 28, 2014 at 1:08 PM

Sounds like the City of Clayton. Ever notice how much their City Manager makes compared to his employees? Shameful.

30 KJ April 28, 2014 at 1:16 PM

Back at the time of the last Gilded Age, John Pierpont Morgan, founder of JP Morgan Bank, a financial titan by anyone’s definition, said the top person in a company shouldn’t receive more than 20% over what the bottom person got. Other corporate leaders of the day agreed with him that 20% was adequate. Today, in some corporations the highest paid guy gets 331% more than the lowest paid person.

31 Nuttsie the Nutter April 28, 2014 at 1:27 PM

Another major problem for our country. Many economists have weighed in on this subject and agree that the extreme disparity in income cannot continue if we, as a country, are to survive. But most of the comments on here are, as usual, about a political agenda, usually anti-Obama and anti Democrat.

Why is it that we, again as a nation, cannot even discuss our problems without the constant anti whomever sentiment.

Try and discuss gun control and all you get is crap about libertards and only criminals will have guns. 30,000 people, 30,000, are killed in this country in gun related acts every years, but we cannot even have an intelligent conversation about options on how to fix this situation without some idiot like Sarah Palin shouting about mama bears and lipstick.

It is the same with any of the problems facing this great nation, not a once great nation but our still great nation. I fear for my grandchildren and the country they will inherit. Not because of Obama. Not because of Republicans, Not because of Congress. Not because of religious fanatics, but because of all of them and the fact that they cannot begin to work together to solve problems with out reverting to “my” agenda.

32 PO'd April 28, 2014 at 1:37 PM

Yes, there is plenty of greed to go around-that’s not the salient point here. The issue is what happens to the state economy when jobs go elsewhere.It will happen if the legislation is stupid enough to vote for this Socialist legislation.

33 Anon April 28, 2014 at 1:38 PM

Desaurner you are an idiot!

For the love of God, please, stop voting for this moron.

To all you hippies and bleeding hearts, you want change? Stop doing business with those companies and tell them why. If enough do you might effect a change, but this BS law will do nothing but waste money and force more companies to leave California. Dumba$$es!

34 Failures April 28, 2014 at 1:40 PM

Only thing democrats do consistently is drive business from the state.

‘ Texas ‘Poaches’ Toyota HQ from California ‘

http://pjmedia.com/tatler/2014/04/28/texas-poaches-toyota-hq-from-california/

35 Mark is a Socialist April 28, 2014 at 1:45 PM

And an idiot.

36 AldrigeFamily April 28, 2014 at 1:56 PM

that is the dumbest thing I ever heard…Democrats won’t even vote for that

37 Elwood April 28, 2014 at 2:03 PM

Fat Head Mark and Loony Loni!

Now there’s a pair to draw to!

38 anon April 28, 2014 at 2:05 PM

They will take deferred stocks,and deferred money untill they leave the state.

39 Connie Dobbs April 28, 2014 at 2:07 PM

#31 It is unfortunate that some people have the bad taste to disagree with you.

40 Jess April 28, 2014 at 2:10 PM

While I agree that the increasing concentration of wealth in a few at the top is bad for our economy and bad for our democracy, I don’t think this bill is an effective way to deal with the the problem. It needs to be addressed on the federal level rather than the state.

41 WTF? April 28, 2014 at 2:20 PM

@Jess – The federal level is already meddling in too much business they have no business meddling with. The States need to reign the Feds in and take back the power they are supposed to have.

42 The Realist April 28, 2014 at 2:26 PM

To bring it a bit closer to home:
The city manager makes over $300,000 a year with perks and benefits,
the city council which is a part-time “volunteer” position voted themselves a raise a while back and get lifetime healthcare benefits,
while the lowest workers on the totem pole got a pay cut forced on him in the last contract negotiation and now qualifies for food stamps.

To put some things in perspective:
A CEO for the same sized company only makes about 50% of the government position. Government jobs got its PERkS.
At the bottom end, let call Wal-mart employees average bottom of the barrel work, they also are paid barely minimum wage and qualify for government assistance but without the “protections” of a union like city government workers.

Seems to me the government needs to clean their glass house before it starts throwing rocks at corporations.

43 Wall&Broad April 28, 2014 at 2:34 PM

@KJ

You need a math lesson.

44 Mr B April 28, 2014 at 2:41 PM

The great California Business exodus continues and for good reason.
So when all the real jobs are gone lets raise the min wage again so we can all work at the fast food joints. Get ready for $10 fry’s with that $25 Big Mac.

Report: 254 companies left California in 2011…

http://www.ocregister.com/articles/moved-342887-companies-texas.html

45 Futurama April 28, 2014 at 2:49 PM

I think it’s laughable that either the donkeys or the elephants think that they can change anything either via regulation or deregulation. When the wealth gap is as large as it is here in the US, historically the only thing that changes that fact is catastrophic re assigning of wealth through either revolution or governmental collapse.
When the monkey sticks his hand in a gourd, he does not let go of the rice there in when threatened or appraoched. He gets his head smashed and turned into dinner.

46 Mark April 28, 2014 at 2:55 PM

If our fine Congressman Mark had half a brain, he would work on persuading our National Senators to bring this up on a national level. Get this passed on a national level and no additional incentive to move business (and jobs) out of California would be created.

Then work on all the reasons businesses want to move out of California already. Quit wasting money. Lower corporate tax rates. Quit passing anti-business legislation. Hey, why not even consider lowering the tax rate on our citizens?

Is this REALLY about passing this legislation, or is it simply posturing for the next election?

47 anon April 28, 2014 at 3:10 PM

@30 JPM lied.

48 @Jess April 28, 2014 at 3:13 PM

Bill is another way to grab dollars for the state, which still has no idea how they are going to come up with all that money contractually promised for state employee retirements. Used lavish public employee pay and benefits to buy votes. Bill parrots democrat party’s line of income disparity, pointing a finger at the evil rich and it’s a play to low information voters in a bid for a seat in congress.

49 Amy April 28, 2014 at 3:43 PM

SB 1372 seems an awful lot like communism to me.

50 Markman April 28, 2014 at 3:45 PM

Just sold my house in Claycord and moved to Texas. Will the last person leaving California, please turn out the lights.

51 Anonymous April 28, 2014 at 4:02 PM

And the jobs keep moving to Texas and Nevada. Desaulnier watches MSNBC and comes up with non problems to solve.

52 KJ April 28, 2014 at 4:19 PM

@46 — Actually, both Teddy and Franklin Roosevelt found ways to redistribute the wealth without the government collapsing or revolution. Teddy broke up the giant trusts and Franklin regulated banks.

53 Grumpy Old Man April 28, 2014 at 4:34 PM

Mark and Susan need to get real jobs.

54 @ #19 April 28, 2014 at 4:37 PM

Is Chevron next to leave? They own office space in Houston.

55 @Amy April 28, 2014 at 4:43 PM

It’s all about getting elected and staying in control. They have this notion they know how your life should be lived even better than you do. They strive to grow a voter base dependent on government for their financial well being, as a government employees or thru benefits paid out by the democrat controlled government. Put simply, they buy votes with tax payer dollars.

56 Anon April 28, 2014 at 4:53 PM

@Markman #51

You might want to re-enter that comment, in Spanish. I fear the only ones left can’t read, and don’t know English.

57 Aspirin April 28, 2014 at 4:56 PM

This Bill is DOA in the House. The Repukes are too beholden to the wealthy and they will never agree to it.

58 Aspirin April 28, 2014 at 5:00 PM

The average American is too stupid to understand the extent of corruption in our government. The tax code has been modified steadily over the years to favor the wealthy. CEO pay is way out of line in this country. Nobody is worth what some of these people are paid.

59 Skyscraper April 28, 2014 at 5:24 PM

What about writing and passing a bill addressing the disparity between the State Senator’s salary and the average salary of the constituants? I didn’t think so.

60 Welcome April 28, 2014 at 5:27 PM

to the People Republic of California. An openly communist state where there is no opportunity or intensive to start or grow a business.

Texas and many other states will welcome CA companies with open arms.

Will the last communist supporter please turn out the lights, if there are any left burning?

61 Anon April 28, 2014 at 5:34 PM

@Welcome #61

That will be a no burning day, so nothing will be burning but The Constitution.

62 Anon April 28, 2014 at 5:37 PM

@Aspirin #59

Then use the only power you have in our capitalistic society, stop doing business with those companies you disagree with, and let them know why. Or stop bellyaching about it.

63 Anon April 28, 2014 at 5:41 PM

Information is power, here is a list of CEO pay vs. average worker:

http://go.bloomberg.com/multimedia/ceo-pay-ratio/

Stop doing business with the top 10 or more! Or stop whining about it.

64 MrDuckyWucky April 28, 2014 at 5:46 PM

the mao-yer is heavily censoring the comments to this article.

65 Markman April 28, 2014 at 5:52 PM

Anon,
Sorry, wasn’t thinking, just typing!
Va la última persona para salir de California apaga las luces

66 CLAYCORD.com April 28, 2014 at 5:52 PM

MrDuckyWucky, don’t talk about the alleged political views of claycord and you won’t be censored.

67 Michelle April 28, 2014 at 5:52 PM

Imagine that, the wonders a business model and PR can do…now, who did what?

68 Mark.. ........ April 28, 2014 at 5:55 PM

NOTHING gives you the right to tell people what they can and can’t make. You’re in the wrong country. Go find one that lets the elite do this and move there. The sooner the better.

YOU are the problem. NOT the solution. Get out of they way and let us work hard to reach our goals and make as much money as we can to support our families. Get the F out of here !

69 MrDuckyWucky April 28, 2014 at 5:59 PM

well now, Mr Mayor, this is a section for comments, is it not?

70 Hey Mark April 28, 2014 at 6:00 PM

America is a Constitutional Representative Republic. Since you are running for Congress, might be nice if you knew what the he!! this country really is, you communist S0B.

71 CLAYCORD.com April 28, 2014 at 6:07 PM

MrDuckyWucky,

This isn’t the Mayor, and no, this is not a section for comments on the alleged political views of Claycord.com.

72 @Aspirin April 28, 2014 at 6:20 PM

“This Bill is DOA in the House. The Repukes are too beholden to the wealthy and they will never agree to it.”

1. “…beholden to the wealthy…”
President obama has made more trips to CA soliciting campaign contributions from one percent mega rich here than to any other state.

2. Perhaps you should have been more attentive during school.
California’s State Legislature consists of the California State Assembly and the California State Senate.

No wonder democrats seek to court low information voters,
CA appears to have many.

73 MrDuckyWucky April 28, 2014 at 6:34 PM

ok then mr non-mayor, buy me a drink (or two) and we’ll discuss what your censoring policy should be. I have many, many good ideas.

74 Futurama April 28, 2014 at 6:39 PM

@KJ

Neither instance had the disparate power or wealth ratio we have now, both were attempts to stop the economy that we currently have from forming, neither worked for more than a few years.

75 RunDogRun April 28, 2014 at 7:07 PM

Why isn’t our State government
spending their time finding a way
to create and retain good paying
jobs rather than driving employers
away?

76 RIII April 28, 2014 at 7:28 PM

So, Senator Mark DeSaulnier and Loni Hancock, I have an idea, a plan that would perhaps be a good idea for starting a company. I finance it by taking out a loan on my property and I start the company. I hire a couple of people to do some tasks and my idea clicks. Wow! Now, I have to share my receivables, including the profit with my employees! What did they put into the business? They contributed absolutely nothing other than some hours which they were compensated for. And we wonder why business is leaving California. I read that Toyota is going elsewhere and where are those jobs going? Not to California!

77 Always Right April 28, 2014 at 7:56 PM

Idiotic legislation.

78 Really?? April 28, 2014 at 8:22 PM

“History has taught us that the gross disparity between CEO and worker pay is a direct threat to American democracy,” Senator DeSaulnier said. “The difference between CEO and worker pay has sky rocketed over the past few decades—it is unsustainable and a danger to our society. We must focus on restoring the middle class and stop fueling excessive income inequality.”

Really? Quit raising my taxes and making my paycheck smaller to cover your sky rocketing overspending of you and your colleagues over the past few decades, which is the true unsustainable danger to our society and democracy.

When there are no longer any viable companies to work for in California, where will that leave the middle class? Where is your common sense?

You and Susan have lost my vote with your below average common sense.

79 Cowellian April 28, 2014 at 8:27 PM

Or, MrDuckyWucky could start his own blog and establish whatever censoring policies he wants.

80 Bill P April 28, 2014 at 8:28 PM

Good little Socialist…. wannabe Miller clone, probably clown.

CARPETBAGGER

81 caskydiver April 28, 2014 at 9:06 PM

While I agree CEO pay is way out of wack, this is an issue for corporations and a free market economy to decide – not the gov’t (state or federal).

DeSaulnier really has no concept of business….and no concept of respecting Constitutional rights. Glad this professional politician will be leaving office for a run at Congress…let’s just hope he fails in his bid there, too.

I think the announcement of this proposed legislation is timely – just as Toyota announces it is leaving for Texas. So….we have Toyota, Fluor, del Monte, Honda, Occidental Petroleum…and the list will go on and on. Will anyone in Sacramento get a clue?? Doesn’t seem so…they were so giddy when they had the Democrat super-majority that they could tax unopposed…now reap the consequences of your poor decisions, CA!

I applaud businesses such as Toyota deciding to leave the idiocracy of CA behind them in the rear view mirror.

82 Ven Exeter April 28, 2014 at 9:15 PM

There are many grossly overpaid people in California including professional athletes and entertainers, any wonder why Mark isn’t attacking Barbara Streisand or Kobe Bryant? I say more power to these people, but stop the hypocrisy. At least CEO’s, when they do the job correctly, create wealth for society. Entertainers, regardless of how good they are, create no wealth.

Mark, I do have one suggestion to help you with your income inequality project: please propose legislation to bar any state worker salary from exceeding twice that of the state’s median salary. This will not only aid your noble quest, but will save tax payers billions.

83 Vindex April 28, 2014 at 9:22 PM

Class warfare at its best. This is communism. If you don’t agree with how a company is run then don’t shop their. Stop these insane laws. Plus, companies will just give their CEOs a $1 salary and $23 million worth of stock to get around something like this. Shame on you Desauliner. I wonder if he paid the bus boys at his restaurants more than minimum wage and then capped his own profits as owner? Of course not!

84 wesley mouch April 28, 2014 at 9:27 PM

Let all the large companies that pay their CEO’s over 5 mil per annum leave. It will hasten the collapse of the unfunded pensions the government hacks have put on the backs of the beknighted Californians due to lost tax revenue. As the GREAT Margaret Thatcher once said: “Socialism is great, until you run out of other people’s money.”

Every departing company is filled with patriots doing their duty to avoid taxes whenever possible.

85 Here is an idea April 28, 2014 at 9:41 PM

If you don’t like the way a corporation does business, don’t support them. Rather than supporting large corporate entities who do nothing to better the communities they are in, support local businesses who live and support the community you live in. So some large corporations leave? Good, you think perhaps small local companies wouldn’t manage to take their place?

86 California April 28, 2014 at 9:57 PM

California the new welfare state I’m moving because of dumb bills like this. We will have welfare offices and gas stations left in this state if all the large companies leave. No one can afford to do business here now much less after bills like this! Rock the vote people stop the socialism BS!

87 Hammond Egger April 28, 2014 at 11:22 PM

The burden of poverty rests heavily upon the poor.

88 MrDuckyWucky April 29, 2014 at 12:00 AM

this is what our politicians are doing their best to accelerate:
http://finance.yahoo.com/news/toyota-moving-us-california-texas-182247217.html

89 Pollo-A-greed April 29, 2014 at 12:53 AM

More Make Less and Less Make More.
The more votes you get the less votes for your opponent.
Less IS More
Pandering is the act of expressing one’s views in accordance with the likes of a group to which one is attempting to appeal. In pandering, the views one is verbally expressing are merely for the purpose of drawing support up to and including votes and do not necessarily reflect one’s personal values.

“The pendulum is swinging……amplitude will save us dude!”
Check your sources not the facts.
Buy Gold
Vote

90 Connie Dobbs April 29, 2014 at 6:29 AM

#84 The management of publicly owned companies have a duty to the shareholders to maximize the value of their stock. Your 401k at work probably owns GE as well as Toyota and Microsoft, and you’d be upset if they divested.

91 Shareholders April 29, 2014 at 6:53 AM

What happens to the additional profits when the bill is implemented?
Can the govt demand it goes to the employees and how will it be distributed?

The money will go to the stockholders. The same people will get their money in the dividends and value of the stocks.

All the liberals here like to list the return of the stock market as one of Obama’s great achievements. Who owns most of the stock market? Not the poor or “average income people” to any major degree. It should not be surprising to anyone that the rich get richer through the stock market.

Now we are attempting pure socialism if we want to control the pay structure of private companies. Next they will try their redistribution of wealth in the stock market.

State and Federal hypocrites. All the do is spend more than what they get in and we are supposed to believe that they are doing it for us when in the long run, when they are gone, we will have nothing left to go forward with.

92 Anon Redux April 29, 2014 at 6:58 AM

The California Labor Federation, led by Art Pulaski is backing this bill.

Here is Art Pulaski’s bio on Wikipedia:
http://en.wikipedia.org/wiki/Art_Pulaski

California is controlled by private and public unions. They only care about one thing: expanding their power and influence.

93 Anon April 29, 2014 at 7:33 AM

What was Mark’s salary vs his dishwasher’s at his bar/restaurant? Who wants to pay to start up a business in California under this rule? This guy is a moron and what is sad people will vote him into office.

94 From an email this morning April 29, 2014 at 9:10 AM

Cancelled: Sen. DeSaulnier Hosts Office Hours in Clayton

Due to unforeseen circumstances, we have been forced to cancel our Mobile District Office hours scheduled to take place on Saturday May 3, 2014 at the Clayton Library from 10 am – 1 pm. Please look for future announcements regarding upcoming events this summer. Thank you.

Running scared there Marky?

95 Many Moons Ago April 29, 2014 at 9:48 AM

I used to provide a service for restaurants and dealt with Mark on occasion. What a jerk.

96 that's funny April 29, 2014 at 10:37 AM

why would a high profile politician want to come to Clayton?

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