September 24, 2013
Mission and Vision of SEC
Mission: The mission of the SEC is to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation.
Vision: The SEC strives to promote a market environment that is worthy of the public’s trust and characterized by transparency and integrity.
I’m writing in support of a strong Dodd-Frank rule 953(b).
Looking at your Mission and Vision statements I may say that rule 953(b) is in line what you as governing body should be standing behind. Disclosing corporate pay ratios between CEOs and average employees MAY 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,
Voytek Wicinski
Totowa, NJ