Portland Could Be The First City To Tackle Outrageous CEO Pay

Portland, Oregon, may soon be the first American city to take a legal stand against outsized CEO pay.In an explicit bid to reduce extreme income inequality, the city government is considering penalizing companies that pay CEOs many times more than average workers. Known for its progressive politics, Portland has already given workers paid sick leave, and the state of Oregon has raised the minimum wage. But this penalty more directly targets a major driver of income inequality that affects more p...