March 25, 2017
We wish to strongly support the CEO-worker pay ratio requirement under the Dodd-Frank consumer protection act.
Studies of corporations and the financial industry have consistently shown that excessive salaries of CEOs and other corporate managers are a major contributor to the widely documented economic inequalites in the USA over the last 40 years.
While corporations have asserted that a requirement for such a statement of this ratio is onerous and the results may be inaccurate, this position cannot be supported, given the detailed records of their financial organization all companies maintain.
This disclosure rule is crucially important for indicating to shareholders that managers and boards are governing companies responsibly, that workers are paid fairly, and that the public can know these details.
Very truly yours,John G and Cheryl C Davenport