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New Portland Ordinance Combats High CEO Pay
City of Portland, Oregon 
[Guidance Overview] Dec. 12, 2016
"The City Council passed an ordinance ... that requires publicly traded corporations to pay a surtax if they pay their CEO more than 100 times their median worker.... Portland's Revenue Bureau has identified more than 500 publicly-traded firms that do business in the city and therefore will be subject to the tax if their CEO-worker pay ratios are above 100 to [1] The list includes major corporations ... including Wells Fargo, Walmart and General Electric."
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