October 12, 2013
It used to be that the South American countries and Asian countries had a hugely unfair discrepancy between classes. Now, in the U.S. every year the rift between CEO's /top management and the working class widens. The rift has reached obscene proportions, and has become divisive to our society. Besides, it is outrageous that CEO's think so highly of themselves, and are so greedy as to take/accept/demand such high salaries and perks. They are not worth that much; and they would be useless without the people who really make things work. Please do what you can to significantly decrease the gap between CEO and worker salaries, and make public the salary information.
I support Dodd-Frank rule 953(b), which strikes me as being all about the intersection of pay equity and investor value.
American workers are more productive than ever, but, year after year, studies show working Americans earning less and less, even as CEO pay balloons and corporate profits soar.
Disclosing corporate pay ratios between CEOs and average employees will finally show which corporations are driving this trend, which siphons money away from investors, and into the pockets of CEOs. In 1990, senior executive pay absorbed 5 percent of corporate profits. Today, according to Government Metrics International, it absorbs 10 percent.
Fairer pay structures mean stronger companies and a stronger economy – both of which are important to me as a consumer and as an investor.
No doubt there are a select few who benefit from the status quo of keeping the pay disparities undisclosed. Stand firm, and implement the law as written.
Thank you for considering my comment,