October 12, 2013
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.
The vast inequities between what CEO's and employees are paid clearly wrongs the average American. The level of pay that CEO's expect and get is 'way above' what they give to the company. Reduce their % of corporate profits and it would cost less to manufacture in the US- perhaps then 'made in America' would be seen more often on the products in our stores.
Thank you for considering my comment,
Carol Braund
Fayetteville, NY