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 reckless pay practices that fueled the 2008 crash and will lead to a healthier and more responsive corporate culture.
As an investor and shareholder, knowing which corporations overpay their executives while underpaying their other employees will also help me when decide where to place my investment dollars.
While I am aware that you are under intense pressure by business interests to weaken or abandon the rule, I do not understand how this could possibly benefit business or corporate governance. Historically transparency has always proven to be the best course.
Please protect investors and the American public against the self-serving interests of the very executives who would benefit from suppressing this rule. More disclosure to shareholders is better.
Thank you for considering my comment,
James Hubbard
Los Angeles, CA