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.
Even corporations would benefit greatly from having these numbers published, if it encourages them to raise the pay of their employees. A smaller wage disparity will make America economically stronger, and make corporations more profitable long-term, but CEOs are encouraged now to think very short term. THEY NEED YOUR HELP TO BE WISER!
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.
Thank you for considering my comment,
Valley Center, CA