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 may discourage the outrageous and reckless pay practices that fueled the 2008 crash. I and millions of others suffered from the crash and its continuing aftermath. We continue to suffer because many of the practices have not substantially changed.
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 learned today that you are under intense pressure by business interests to weaken or abandon the rule. Do not give in. Your top responsibility is to protect investors and the American public against the self-serving interests of those seeking to undermine this rule. This rule would give us an important tool to compare the performances of companies. Moreover, although industry lobbyists claim the math to find out the performances is too difficult, let me assure you that we will stretch our tiny peanut brains to figure it out.
Thank you for considering my comment,
Carolyn JohnsonDexter, MO