September 24, 2013
I’m writing in support of a strong Dodd-Frank rule 953(b).
Prosecute those that caused the 2008 crash. Prosecute,prosecute. I am angry and I have not forgotten what has happened. Do your job and prosecute!!! It is going to happen again because you did not do your job.
This bill will decrease the risk of the practices that led to the 2008 crash. Of course CEOs and management do not want to disclose how much money they make. They do not want us to see the disparity between their pay and the worker. It should be mandatory before one worker can be laid off the CEO should only be earning 20 times the average pay per hour. Then corporations would be creating and keeping jobs! If workers can't get pay raises because the company is not doing well then there should be pay cuts for CEOs.
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.
Thank you for considering my comment,
Donna ZumwaltCleveland, MO