September 24, 2013
I'm afraid the United States is well along the road to becoming a Banana Republic! That's why I’m writing in support of a strong Dodd-Frank rule 953(b). I just don't think it is right for us to have an aristocracy that "earns" enough to buy just about anything they want - including seats in Congress and laws that further enrich them, and entrench their dominance over ordinary Americans.
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,
James Valk
South Daytona, FL