October 12, 2013
The so called "great American free enterprise system" has grossly degenerated into an economic free for all wherein once the smoke has cleared and all the dead bodies have been dragged away, the grinning sociopath with all the toys is considered a "winner" ----the original concept of free enterprise was intended to convey the idea that every person had the right to life, liberty and happiness and that specifically, they had the right to be gainfully occupied in any pursuit of their choice provided it did not adversely interfere with another person's equal rights ---- but that has long since been ruthlessly perverted into the concept that in America, you have the "right" to become stink rich for doing absolutely nothing and that there is no limit to the wealth you can accumulate even if it completely eviscerates the entire country of its soul and drains away all of its economic blood. This sort of institutionalized financial parasitism must absolutely be fought and smashed right down to bedrock and with extreme prejudice if this nation is to stand the chances of a gingerbread angel in a West Oakland rat hole of surviving
I support Dodd-Frank rule 953(b), which strikes me as being all about the intersection of pay equity and investor value.
American workers are more productive than ever, but, year after year, studies show working Americans earning less and less, even as CEO pay balloons and corporate profits soar.
Disclosing corporate pay ratios between CEOs and average employees will finally show which corporations are driving this trend, which siphons money away from investors, and into the pockets of CEOs. In 1990, senior executive pay absorbed 5 percent of corporate profits. Today, according to Government Metrics International, it absorbs 10 percent.
Fairer pay structures mean stronger companies and a stronger economy – both of which are important to me as a consumer and as an investor.
No doubt there are a select few who benefit from the status quo of keeping the pay disparities undisclosed. Stand firm, and implement the law as written.
Thank you for considering my comment,
Robert Hauser
Vineburg, CA