Imposes a surcharge on publicly traded companies with excessive executive compensation.
The bill imposes a surcharge on publicly traded companies with an executive pay ratio of at least 50 to one. The surcharge is 10 percent if the ratio is at least 50 to one but less than 150 to one, and 25 percent if the ratio is 150 to one or more. The surcharge applies to taxes due for the calendar year following the year in which the executive pay ratio occurred.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.