November 16, 2013
I support Dodd-Frank rule 953(b), which strikes me as being all about the out-of-balance relationship between pay equity and investor value.
American workers are more productive than ever, but, year after year, studies show working Americans earn less and less, even as CEO "incentive compensation" balloons and corporate profits soar.
Disclosing corporate pay ratios between CEOs and average employees will finally show which corporations are driving this trend, siphoning money away from investors and into the pockets of CEOs. In 1990, senior executive pay absorbed 5 percent of corporate profits. Today, according to Government Metrics International, it absorbs 10 percent. This is beyond obscene.
Fairer pay structures mean stronger companies and a stronger economy – both of which are important to me as a consumer and as an investor.
No doubt there are a select few who benefit from the status quo which keeps the pay disparities undisclosed. Stand firm, and implement the law as written.
Thank you for considering my comment. Please do the right, FAIR thing. Let investors be fully informed.
Kate Houston
Ephraim, WI