Subject: s7-07-13 comments
From: Don Kiehn

March 1, 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.

Trump will affect every aspect of American life. Several things have become chillingly clear about Trump. He is totally unfit to be president: No political background nor relevant experience, no knowledge of civics, current world affairs, culture nor history (and appears completely disinterested and highly adverse to trying to learn the basics), no respect for America's traditions nor the Constitution, is a racist, xenophobic, misogynistic, homophobic bigot, a mentally-unstable narcissist, irrational, delusional, acutely thin-skinned and terribly insecure. Importantly, Trump is an pathological serial liar, amoral and totally corrupt - very dangerous for America and the world. He is a brazen dictator-wannabe, in collusion with Putin, clearly bent on fascism, with completely autocratic personality traits and actions, a charismatic, manipulative demagogue apparently striving to turn America into a kleptocratic oligarchy. Finally, it is easy to conclude from observing his campaign, the transition process, and his first weeks in office, why Trump failed as a businessman with six bankruptcies: He is simply a lousy leader! He is terrible at picking effective team members, has abysmal judgement, the result being chaos, isolation, disorganization, infighting, and leaking, all leading to incoherently dangerous public statements and policies. Enormous damage has already been done to the American people and to the stature of America as the world leader. We are fast losing the respect and trust of the rest of the world! All American patriots must resist Trump's destructive actions on all fronts! The future is very much at stake.

Don Kiehn

MT