September 25, 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 extreme and reckless pay practices that fueled the 2008 crash.
Knowing which corporations pay their executives extremely high salaries while paying extremely low wages to employees also will be a useful factor for me when considering which businesses to support with my consumer dollars.
This pay disparity is morally bankrupt and does not work economically. A more compressed pay scale emphasizing middle-level wages has a multiplier effect that strengthens the overall economy.
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 U.S. public against the self-serving interests of those seeking to undermine this rule.
Thank you for considering my comment,
Charles Langford
Corvallis, OR