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 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.
Just because we "survived" the meltdown of the last decade doesn't mean we should allow economic history to repeat itself - especially in our lifetime! By allowing US to approach a Great Depression when millions of Americans who lived that were still alive is a betrayal of trust!
Thank you for considering my comment,
Christopher F. Vota