September 24, 2013
I STRONGLY SUPPORT 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.
And frankly, most of those guys simply AREN'T THAT GOOD!
I for one want to know which corporations heap riches upon their executives while squeezing struggling employees before I invest, or even buy a company's product. THAT OF COURSE IS WHAT OPPONENTS FEAR, ISN'T IT?
But lack of transparency and extreme examples of executive arrogance have kept me out of the stock market. I WILL invest in a company that deals fairly with employees and works to minimize negative impact on the environment.
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,
Susan S. Pastin
Chicago, IL