The Los Angeles Alliance for a New Economy is gathering signatures for the Overpaid CEO Tax Ordinance, a ballot initiative that would progressively tax large businesses whose CEOs make more than 50 times what their median worker makes, with higher taxes as the gap grows more extreme. It hopes to get the measure on the November ballot.

“Extreme income inequality is one of the most pressing issues impacting the health and welfare of Los Angeles residents,” the proposal reads, echoing protests by investors and social justice advocates nationally as details of the last 2025 pay packages for public company executives trickled in last week. READ MORE