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Executive pay has grown at a pace that tracks very closely with the pace at which company value, as measured by total shareholder return (TSR), has increased over the last decade.

The bill in its current form caps what the state would spend in total on program participants’ credits at $750,000 a year for five years.

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;Total payroll expenses moved higher.

Further, when modeled correctly, companies can achieve this without increasing total sales compensation cost.

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