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Yep. Founders would likely be on the board and just give themselves different titles from CEO if they really cared, so it shouldn't impact startups.


The measure wasn't to tax based on CEO pay. It was based on the highest paid managerial employee. So title doesn't matter.


Just want to comment that thank god we can actually build rules that can't be loopholed.


Not sure if this was sarcastic, but this law will absolutely be loop-holed.

Prediction: Many lower-paid staff will be outsourced (Think Apple and Foxconn; Think big companies and their outsourced cleaning company).

Currently, typically things like cleaning staff, internal mail, dining get outsourced. Expect customer support to also start getting outsourced. The unfortunate thing is that now there would be a middle-person also collecting a spread from the company/worker (but to the company, the spread will be lower than the tax.)


Create a secondary company to house all the low-wage employees.


All new executives are now hired as LLCs


It's "highest paid managerial employee" in the text, not CEO: https://sfelections.sfgov.org/sites/default/files/Documents/...


> just give themselves different titles from CEO

"Lead executor"

"Company Chief"

"Dear Leader"

"Head Director"

"Paramount Leader"

"Viceroy"

"Corporate Emperor"


More like “Advanced Master Individual Contributor LOL”


Lord High Muckety-Muck

Emperor for Life

Grand PoohBah




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