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.
the ratio of ceo to worker salaries is an OBSCENITY.
CEOS PRODUCE NOTHING THE WORKERS PRODUCE EVERYTHING.
overpaying business executives especially for failures on the job is a way of saying" the real producers of wealth, the workers are expendable and disposable'. WHAT HAPPENS TO QUALITY OF PRODUCT IS DIRECTLY IMPACTED when a worker knows he or she is paid badly and has no stake in the future of the company. AT THAT POINT THE DON'T CARE ABOUT THIS JOB BUT SPEND TIME AND EFFORT POLISHING THE RESUME FOR THE NEXT JOB.
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.
THE CEOS AND EXECUTIVES ARE THE ONES PRESSURING YOU NOT TO REVEAL THEIR OWN COMPENSATION. THAT ALONE IS EVIDENCE ENOUGH TO OPENLY PUBLISH EVERY CEO AND EXECUTIVE SALARY SO WE CAN TELL WHO IS NOT WORTH THE COST OF THE ELECTRICITY IN THEIR OFFICES.
Thank you for considering my comment,
North Conway, NH