September 24, 2013
I’m writing in support of a strong Dodd-Frank rule 953(b).
Disclosing corporate pay ratios between CEOs and average employees will discourage the outrageous and reckless pay practices that fueled the 2008 crash.
Knowing which corporations heap riches upon their executives while squeezing struggling employees also will be a useful factor for me when considering which businesses to support with my consumer and investment dollars.
I am aware that you are under intense pressure by business interests to weaken or abandon the rule. Do not give in. Instead, weigh your duty to protect investors and the American public against the self-serving interests of those seeking to undermine this rule.
My husband and I lost about 100K on the house we sold after he lost his job and was forced to retire early after the housing crash. Our retirement is much less comfortable than we had planned. I know we are among the lucky ones. My heart goes out to our young adults who are struggling to find jobs with enough income to allow them to pay off college loans let alone buy a house of their own. Lets not risk adding to the welfare roles in our country. Our taxes should not be subsidizing business by paying out welfare benefits to their employees.
Thank you for considering my comment,
Susan BlackWindsor, CO