San Francisco voters have decisively rejected Measure D, which sought to significantly increase taxes on large companies with highly compensated executives. With 53.64% of voters opposed and only 46.36% in favor, the measure needed a simple majority to pass. Measure D aimed to expand the existing CEO pay ratio tax, which currently applies when an executive's pay exceeds 100 times the median worker salary. The proposal would have altered the calculation method to include the entire workforce rather than just local employees, while also raising tax rates. City officials estimated the measure could have generated between $250 million and $300 million annually. Proponents argued it would help combat income inequality and fund city services, but opponents, including Mayor Daniel Lurie and tech leaders like Sergey Brin, warned it could deter businesses and hinder economic recovery. This outcome aligns with a trend of San Francisco voters leaning towards more centrist policies in recent elections, reflecting a focus on economic growth and job creation amidst ongoing concerns about the city's business environment.