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.
It is a shame that Corp Executives are allowed to write in and collect obscene bonuses and buyouts, that leave a company without funds to reward the working man that does the labor.
No corporate exec. is worth that kind of money. He is gaining it on the work of the people below him .they are the ones that have to come up with the ideas for savings and implement the ideas to actually see the savings.
Thank you for considering my comment,Lydia Marczewski