September 24, 2013
I’m writing in support of a strong Dodd-Frank rule 953(b).
I understand that some CEOs and corporations opposing such rules claim that the 'math is too difficult' to clearly report either a CEO's total compensation or the average wage of non-executive employees. IF that is so, I suggest those corporations probably need supervision in doing their accounting in other areas as well.
Please don't allow CEOs and corporations to hide the obscene amounts of money they are paying their executives.
Disclosing corporate pay ratios between CEOs and average employees will discourage the outrageous and reckless pay practices that fueled the 2008 crash.
Knowing which corporations heap riches upon their executives while squeezing struggling employees also will be a useful factor for me when considering which businesses to support with my consumer and investment dollars.
I am aware that you are under intense pressure by business interests to weaken or abandon the rule. Do not give in. Instead, weigh your duty to protect investors and the American public against the self-serving interests of those seeking to undermine this rule.
Thank you for considering my comment,Nancy Harrison