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.
It will also help focus on the growing gap between the rich and everyone else: the middle class, the working class and the poor.
In order to have a workable society, we cannot have the very rich (top 2%) as "the haves" and the majority of people (98%) as "the have-nots" in our country. Even if the rich do not care about anyone else, their positions, money , and comfortable lives cannot last. Let them "eat cake" (directed in France at "the have-nots") has been tried and it does not work. If there is a large enough gap, it can only result in lawlessness and violence as "the have-nots" try to have a life.
Joan Goodrich
Washington, DC