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.
With the decimation of my IRA during two years of unemployment after the crash, I have little expectation of being able to retire, in spite of working my entire adult life. This was not what I had in mind when I went to engineering school. Rejoining the workforce as a data entry clerk is not what I had in mind, either, but that is my reality. I want to spend what little money I have on corporations/executives that do not get disgustingly rich on the backs of underpaid workers. Knowing the pay disparities will help me make that choice.
Thank you for considering my comment,
Wanda Lotus
Bronx, NY