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.
Furthermore, as we see wealth inequality grow in the United States we become a weaker nation. The threat that these corporate CEO's are making to our nation is greater than any threat that terrorists have made to date in the United States. The threat imposed is one against democracy itself and the way of life as we know it in the United States, a land that is supposed to promise liberty, economic opportunity and equality for all. These values are threatened by the growing wealth gap. As United States citizens we need to know who these economic terrorists are and how much they are making at our expense.
Thank you for considering my comment,