April 1, 2017
Corporations are indebted to our government for providing the framework that protects their interests and makes their operation possible (i.e., transportation, communication, safety), regardless of the kind of product they produce or service they provide. Society clearly cannot function with the enormous income inequality we have at present. The ills of poverty and unrest we are currently experiencing are due in large part to this income inequality. We have a right to know what kind of corporation we are supporting and in what ways income inequality is enhanced or attenuated by their practices. Enforcing the public exposure of executive compensation preserves this right.
I am concerned that corporations are able to determine flexibly how they will report the pay ratio. It would be better for executive compensation and employee pay to be made public and allow us to determine the ratio.