4 ms·
Yep. Founders would likely be on the board and just give themselves different titles from CEO if they really cared, so it shouldn't impact startups.
by bduerst 6y ago
Yep. Founders would likely be on the board and just give themselves different titles from CEO if they really cared, so it shouldn't impact startups.
- HenryKissinger 6y ago> just give themselves different titles from CEO "Lead executor" "Company Chief" "Dear Leader" "Head Director" "Paramount Leader" "Viceroy" "Corporate Emperor"
- JoeAltmaier 6y agoLord High Muckety-Muck Emperor for Life Grand PoohBah
- PopeDotNinja 6y agoMore like “Advanced Master Individual Contributor LOL”
- dgoldstein0 6y agoThe measure wasn't to tax based on CEO pay. It was based on the highest paid managerial employee. So title doesn't matter.
- stainforth 6y agoJust want to comment that thank god we can actually build rules that can't be loopholed.
- TuringNYC 6y agoNot sure if this was sarcastic, but this law will absolutely be loop-holed. Prediction: Many lower-paid staff will be outsourced (Think Apple and Foxconn; Think big companies and their outsourced cleaning company). Currently, typically things like cleaning staff, internal mail, dining get outsourced. Expect customer support to also start getting outsourced. The unfortunate thing is that now there would be a middle-person also collecting a spread from the company/worker (but to the company, the spread will be lower than the tax.)
- devmunchies 6y agoCreate a secondary company to house all the low-wage employees.
- Zhenya 6y agoAll new executives are now hired as LLCs
- jefftk 6y agoIt's "highest paid managerial employee" in the text, not CEO: https://sfelections.sfgov.org/sites/default/files/Documents/candidates/2020Nov/200629_ExecutivePay_LT.pdf https://sfelections.sfgov.org/sites/default/files/Documents/...