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.
Look at world history: Roman and Greek empires, more recently British empire, Persian, Khangis Khan, CCCP, the list goes on! ALL these empires fell, why? GREED! This is destined to happen to Amerikan empire as well! It is matter of pure logic and natural law! Greed ia human failing, and cause for so much trouble on this planet. No joke! If humankind (ESPECIALLY in regard to both America and China) can overcome greed nature, ten there just might be room on this Earth for peace, prosperity, happiness, and abundance. So long as this corporate greed element exists none of these virtuous traits can take precidence!
Thank you for considering my comment,
Danilo Peterson
San Francisco, CA