Portland proposes a special tax on companies where CEOs make 100X more than median employee

Environmental lawyer-turned-Portland City Commissioner Steve Novick has a cool use for the new SEC rules requiring companies to disclose executive pay starting in 2017: he's going to impose special taxes on businesses where the ratio of CEO pay to median worker pay exceeds 100:1 -- an increase of 10% for 100:1 companies, and 25% for 250:1 companies. (more…)