September 24, 2013
I support a strong Dodd-Frank rule 953(b). Company heads will place the growth of the next quarter of their company above all else; however, Americans which the Constitution addresses want an end of autocracy which you individually play an important role.
Once the U.S. falters through the coming years, you may think that it will be a simple task of moving companies to another country. I doubt you have factored in the impact of a shrinking economy, culture, and R&D here. No other country's economy, culture and government has fostered the degree of technology accomplished here. Most likely, no other country in the next few generations will match the U.S.
Commisioners you need an active representative democracy. Information is essential to having that government which excels above all other countries in technology.
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,
Kathleen Cox
San Antonio, TX