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.
The financial crisis of 2008 continues to have negative ripple effects. As a longtime postal employee, I now find my livelihood at risk in part because our customers are all struggling with their financial situations, which in turn affects the USPS' situation. Given how few corporate leaders and enablers have been held accountable for their roles in bringing on the Great Recession, I believe preserving and even strengthening rule 953(b) is not too much for the American public to ask.
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,