December 1, 2013
I support Dodd-Frank rule 953(b), which strikes me as being vital for the stability of our country.
American workers are more productive than ever. Year after year, new studies show working Americans earning less, even as CEO pay balloons and corporate profits soar.
Disclosing pay ratios between CEOs and average employees will finally show which corporations are driving this trend. 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 for our country looking forward.
No doubt there are a select few who benefit from the status quo by keeping the pay disparities undisclosed.
I urge you to stand firm and implement a strong rule that will uphold the intent of the Dodd-Frank law.
Exorbitant bonuses/pay packages hurt shareholders
and the economy in general. Blue collar workers
will spend a greater % of their pay and will
inevitably pay more taxes (that's actually a
good thing in this age of swelling Natl. debt)
Thank you for considering my comment;
TIM
tim newlin
oxnard, CA