September 24, 2013
I’m writing in support of a strong Dodd-Frank rule 953(b).
Income disparity between the very wealthy and the rest of us is increasing every year. Some of the wealthy actually realize that this is not even good for the economy---much less the good of the average person. This message is about one way to help fix this problem. It does not involve taxation or redistribution---it merely makes information available.
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,
ken mortonJefferson City, TN