(AP) — The Portland City Council has approved a first-of-its-kind tax on public companies that pay their chief executives vastly more than they pay an average worker. On Wednesday the council approved the plan, which targets publicly traded companies whose chief executives report salaries at least 100 times higher than the salary of a median worker, The Oregonian/OregonLive reported (https://is.gd/f241Q8). Marion Haynes, of the Portland Business Alliance, a group that has opposed the measure since Novick first pitched it last summer, said the plan will not address income inequality.