September 23, 2013
I want to strongly urge the SEC to uphold section 953(b)of Dodd-Frank and to not allow big business to sway you. This rule will benefit me and my fellow American citizens (the public), as it should. For far too long, rules and regulations have been passed which only benefit those with the most money. It is past time for our government and regulating sectors to work in favor of the rest of us. Transparency is key.
Paying CEOs hundreds of thousands of dollars while paying the workers, the very backbone of any industry, too little to live on is irresponsible, to say the least. This practice lowers morale, causes high turnover rates, costs taxpayers millions in public assistance, sets CEOs in positions of celebrity because of their financial bracket - not because of any talent they may possess, reinforces the practice and belief of corporate supremacy, and betrays the public's faith. Continued kowtowing to corporations is responsible for America's sicknesses such as unemployment, health, inequality, and poverty.
Opponents say that complying will be too expensive, too difficult and time-consuming, and that it will affect investors negatively. Others say that it should be limited to US employees only. To me, it sounds like corporations trying to weasel their way out of decency, transparency, and responsibility. Yet again. And I say, Enough is enough