September 24, 2013
I’m writing in support of a strong Dodd-Frank rule 953(b).
Public Traded Corporations benefit from protections unique to Corporations for the supposed benefit of the owners. Many of the ownership is through collectives. There is a need to disclose details of Corporate activities to protect the stock holders and the market.
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,
Matthew TolfordPotomac Falls, VA