May 17, 2012
To Whom It May Concern:
As a U.S. citizen and a voting member of the public ("We the People", you remember them?), I feel it is time and past to take the executives of the large companies to task for the outrageous pay they receive, verses the jobs they have been doing with their companies--or rather NOT doing. They have been outrageously overcompensated for driving their companies over the cliff, shipping American jobs overseas and just generally wrecking the U.S. economy.
The example of J.P. Morgan-Chase this past week should be all, and more, that is needed to start the process of oversight that the S.E.C. was constituted to do--and it's a flagrant case of conflict of interest that Dimond has been on the S.E.C. board while also CEO of Morgan-Chase. No more excuses and shilly-shallying!
One could expect those sorts of shenanigans when old J.P was alive and doing his stock manipulations, but this is not the 19th century, and it is not the Gilded Age. We should not let the executives get away with the same-old, same-old from two centuries ago! It is time for the S.E.C. to begin doing it's job of oversight once again, and rein in these anti-Americans who are raping and pillaging the economy to the detriment of the majority of the population. It is time to re-regulate those poltroons and make America America again. The rest of the world is waiting for this to happen. And, so are Americans, for that matter!
Lynn K. Peterson