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.
This should help to pave the way towards reforming our outdated corporate economic system. I think it would help to at least let people realize the scope of the problem and perhaps start a public dialog on what types of steps we can take to change it, such as moving towards worker owned businesses where the employees can vote on how the economic surplus of their efforts are spent by the corporation.
I am aware that you are under intense pressure by business interests to weaken or abandon the rule. Please 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,
Bertrand Webster
MOUNT VERNON, WA