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Colorado Initiative 108 (2008)

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Not on Ballot
Proposed allot measures that were not on a ballot
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Initiative 108 or the Limit on Compensation for Executives Initiative would have prohibited any company from paying any executive more than 50 times the compensation paid during the same tax year to its lowest-paid employee.

The Colorado Trial Lawyers Association agreed to withdraw this measure on May 6, 2008—as well as the eight others it filed in response to a measure to limit attorney fees—when proponents of that measure (the Attorney Fees Initiative) agreed to also withdraw.[1]

This measure was a citizen-initiated state statute.

Supporters

The measure was filed by the Colorado Trial Lawyers Association, as part of a group of nine initiatives that are intended to "improve the lives of working families and consumers in Colorado," according to John Sadwith, executive director of the Colorado Trial Lawyers Association.[2]

"For too long corporate interests have been put ahead of consumer interests in this state," Sadwich said. "The initiatives filed shift the balance of fairness back to the consumer. Real people in this state deserve a break."[2]

The proposals are believed to be a response to a ballot measure filed earlier this year by former State Legislator Mark Hillman and what Hillman calls a coalition of business interests and grass roots activists. Hillman's proposed initiative would limit attorney's contingency fees in civil court judgments.[2]

One of the measures filed by Sadwith and attorney Scott Wolfe imposes increased state taxes on federal farm subsidies, of which Hillman is reportedly a recipient.[2]

The nine initiatives that were filed as a group target doctors, real estate brokers, corporate executives, and homebuilders. The other eight initiatives are:

Opponents

Douglas Friednash, a Denver lawyer who has been critical of the ease with which such measures can make it on the ballot, called the measures "Draconian and disengenuous." He said the measures "go far beyond what the trial lawyers ought to be concerned about."[2]

Status

The measure did not make the ballot.

See also

External links

References