Until the 1980s, corporate CEOs were paid 30 times the amount the average worker received, but today, according to some conservative estimates, they make about 330 times that. What if, Silberstein proposed, state corporate taxes were tied to a company’s annual CEO compensation relative to its employees’ wages? DeSaulnier liked what he heard and so, earlier this year, he and State Senator Loni Hancock (D-Berkeley) introduced Senate Bill 1372, which embodied Silberstein’s concept.
The bill, which was drafted with Silberstein’s help, is designed to reward corporations that reduce their CEO-to-worker pay ratios, while punishing companies that exacerbate those differences. For example, if the chief executive at a company doing business in California makes 100 times more than a typical worker in the same firm, the company’s corporate tax rate would be reduced to eight percent from the current 8.84 percent. At a company where the chief executive makes only 25 times as much as a typical worker, the tax rate would be reduced to seven percent. But at a company where the CEO’s compensation is 400 times as much as the median worker’s, the tax rate would increase to 13 percent.
SB 1372 won the California Chamber of Commerce’s “job killer” seal of disapproval yet did surprisingly well on the Senate floor last May, receiving 19 “yes” votes to 17 “no” votes. However, California tax code requires approval by two-thirds of the legislature, rather than a simple majority, and so the measure did not pass.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
