November 29, 2013
I am writing to express my support for the Dodd-Frank rule 953(b). Reasonable pay equity and investor value are important to me and the country as a whole.
I find it unfair and perhaps discriminatory that American workers, while being more productive than ever, are earning less and less, as CEO receive unjustified and unconscionable pay raises and corporate profits are skyrocketing. American workers must share in the wealth!
I support the disclosure of corporate pay ratios between CEOs and average employees. Such ratios will disclose which corporations are leading the trend, while also taking money away from investors, and going into the bank accounts of CEOs. In 1990, 5 percent of corporate profits went to CEO’s as some sort of “compensation”, today it is 10 percent. The obscene “compensation” cannot be justified and certainly does not benefit the shareholders.
As is usual there are a select few CEO’s and others who benefit from the current methods of compensation, keeping pay disparities secret, however, you must protect the American public, not the interests of CEO executives.
I urge you to stand firm and implement a strong rule that will uphold the intent of the Dodd-Frank law.
Richard SaretskyWalnut, CA