Portside

A nod in the direction of a ceiling on CEO pay has just come from an unlikely source: the two finalists in the 2022 French presidential election.

"Walmart, which pays its CEO nearly 1,000 times more than its average worker, would pay up to $855 million more in taxes."

Major military contractors saw a stock surge from the U.S. assassination of an Iranian general. For CEOs, that means payday comes early.

A loophole Bill Clinton opened not only gives corporations a tax break, it focuses them on short-term stock movements at the expense of workers and the economy.

A new global CEO pay comparison, the most dramatic yet, demolishes the standard-issue corporate rationale for America's over-the-top executive compensation.

"The public is struggling to pay for health care," said Sen. Chris Pearson (P/D-Chittenden). "To see that the CEO of our hospital is getting $2 million ... it's just way out of whack with the Vermont economy."

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How many more outrageously compensated executives will retire off into lush sunsets, the Jeff Immelt story virtually begs us to ask, before we start yanking that lever?

Under Novick's tax plan, a company with a CEO-to-worker ratio of at least 100-to-1 will pay a surcharge equal to 10 percent of the amount it pays for Portland's business tax. A company with a 250-to-1 ratio or greater would pay a 25 percent surcharge.