October 12, 2013
I support Dodd-Frank rule 953(b), which appears to me to be all about the intersection of pay equity and investor value. The transparency provided by this rule will help Americans to see how big corporations are run, and hopefully, to pressure those corporations to begin to lessen their pay disparities by cutting back on outrageous CEO payments.
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,
Kristina Turechek
Otego, NY