September 25, 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. I would be especially interested in learning the compensation of the CEOs, Presidents, VPs and other executives in the following industries: health insurance, oil & gas, automotive, banking, defense.
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 the American public and investors against the self-serving interests of those seeking to undermine this rule.
Thank you for considering my comment,
Mike Lombard
Denver, CO