A bill to require 70 percent of the shareholders of certain corporations to approve compensation paid in excess of certain limitations to employees of such corporations.

Summary

Prohibits certain corporations from paying compensation to any employee in excess of 2,500 percent of the present cash value of all compensation received by the least compensated full time employee of that corporation unless such compensation is approved by a 70 percent vote of all shareholders of such corporation. Limits applicability of this Act to U.S. corporations which meet specified criteria, including having at least $100,000,000 in total property, total sales, or total assets.

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Documents

1 official file

• Introduced in House

  summary · EN · 8 May 1984

  Open at official source

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