Whitehouse, Lee, Ocasio-Cortez Introduce Legislation to Increase Worker Pay, Rein in Runaway CEO Compensation
November 02, 2023
November 02, 2023
WASHINGTON, Nov. 2 -- Sen. Sheldon Whitehouse, D-Rhode Island, issued the following news release:
Washington, DC - As executive pay soars, U.S. Senator Sheldon Whitehouse (D-RI) and Representatives Barbara Lee (D-CA) and Alexandria Ocasio-Cortez (D-NY) have introduced the Curtailing Executive Overcompensation (CEO) Act, which would apply an excise tax on public and private companies that have at least a 50 to one CEO-to-median-worker pay disparity. In 2022, the CEO Act would have ra . . .
Washington, DC - As executive pay soars, U.S. Senator Sheldon Whitehouse (D-RI) and Representatives Barbara Lee (D-CA) and Alexandria Ocasio-Cortez (D-NY) have introduced the Curtailing Executive Overcompensation (CEO) Act, which would apply an excise tax on public and private companies that have at least a 50 to one CEO-to-median-worker pay disparity. In 2022, the CEO Act would have ra . . .