October 26, 2013
Dear Securities and Exchange Commission:
The pay gap between CEOs and the average American worker has grown to an obscene 354 to 1. Unfortunately, that disparity is not broadly publicized or known.
To fix that, the Securities and Exchange Commission (SEC) recently proposed a rule requiring publicly traded companies to reveal the difference between the CEO’s pay and the median worker’s pay. That disclosure rule was required by the Dodd-Frank financial reform law that passed more than three years ago.
Transparency on this subject is needed in order to open up the possibility of change.
I urge you to adopt the rule as proposed.