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.