May 19, 2017
U.S. Securities and Exchange Commission,
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.I am not against the CEO of any company making a large sum of money,but at the expense of american worker. how about the shareholders.I personally think the unions worker should start purchasing stock.the unions should start investing large amount of stock to be able to influence the company to benefit the stockholders and to benefit the workers.
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.