February 28, 2017
The U.S. Securities and Exchange Commission has long delayed the Dodd-Frank law’s requirement that public companies disclose the ratio of their CEO’s pay to the pay of their median worker. It would be outrageous to further delay or reverse progress on that rule now.
Americans need and deserve more information about corporate pay practices. Such data helps shareholders guard their pocketbooks against self-seeking executives and it helps us all evaluate the long-term soundness of companies. That’s because excessive compensation at the top encourages risky practices up and down the line—in addition to inhibiting teamwork and reducing employee morale and productivity.
There is simply no excuse to give big corporations a pass about being transparent about their pay practices.
And there is no excuse except EXTREME STUPIDITY AND IGNORANCE for Representative Sean Duffy to post a link about Dodd-Frank under the heading of health care on his government website. This guy needs help with basic concepts. We need help to have someone competent to represent us. And let him stay home with his big brood of children that we are supporting while he is not doing his job.