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It s No Surprise That CEOs Make More Than Other Employees. But How Much Is Too Much? - Honolulu Civil Beat
It’s No Surprise That CEOs Make More Than Other Employees. But How Much Is Too Much?
New legislation would make Hawaii the first state to tax executive pay gaps, but the proposal may be dead on arrival. Reading time: 8 minutes.
The bank’s chief executive officer, Robert Harrison, earned $6,011,668.
Harrison was paid 110 times more than the bank’s median employee, according to the company’s disclosures to the U.S. Securities and Exchange Commission last year.
A new proposal Senate Bill 747 in the Hawaii Legislature would change that by levying a general excise tax surcharge to any island business where the chief executive officer earns more than 100 times the company’s median employee.
PortlandOregonUnited-statesWashingtonSan-franciscoCaliforniaHawaiiHawaiianCarol-rothLaura-acasioElizabeth-warrenBernie-sanderFebruary 12, 2021
In the western American state of Hawaii and amendments have reportedly been proposed for legislation that is seeking to grant the small Oahu city of Kapolei permission to build and run a tribal casino resort.
According to a report from the Hawaii Tribune-Herald newspaper, Hawaii State Senator Donovan Dela Cruz (pictured) suggested attaching the changes to Senate Bill 1321 some seven weeks after the Hawaiian Homes Commission approved a draft of the measure that would allow the southern Honolulu County community to play host to the small state’s inaugural casino.
Suggested shifts:
Dela Cruz’ amendments reportedly include a provision that would require any Native American group wanting run the planned casino resort to be endorsed by the state’s Democratic Governor,
Honolulu-countyHawaiiUnited-statesHonoluluUtahKapoleiHawaiian-homesAmericanSean-quinlanChris-toddDonovan-dela-cruzDavid-igeHawaii Senate Proposes $12 Minimum Wage By 2022 - Honolulu Civil Beat
Hawaii Senate Proposes $12 Minimum Wage By 2022
The measure has received pushback from the local business community, which is still dealing with the economic fallout brought on by the pandemic. Reading time: 4 minutes.
Hawaii lawmakers on Monday took a preliminary step toward increasing the minimum wage to $12 by July 2022.
The Senate Labor, Culture and the Arts Committee unanimously agreed to move forward with a measure to increase Hawaii’s minimum wage for the first time in four years. Hawaii’s wages last increased to the current $10.10 an hour in 2018.
Senate Bill 676 does not make any further step increases, and labor advocates also urged the lawmakers to raise the minimum wage to $17 in the next five years.
HawaiiUnited-statesDonovan-dela-cruzRussell-ryanKarl-rhoadsJun-shinSherry-menor-mcnamaraHawaii-restaurant-associationSenate-judiciarySenate-waysHawaii-workers-centerEconomic-development