September 24, 2013
I’m writing in support of a strong Dodd-Frank rule 953(b).
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.
<Please note: I personally believe that Dodd-Frank doesn't go far enough. Corporate CEO pay should be tied to real benefits they personally instigate, not how well all the underlings gathered money for the corporation. While we're at it, let's add some worker protections & also tie CEO/executive pay levels to the level of their lowest-paid employee.>
Thank you for considering my comment,
Robyn Richards
Albuquerque, NM