October 14, 2013
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.
Were this dispersal of income to go to individual workers, more Social Security would be paid taxes and it would make a tremendous difference in the stability of Social Security.
If you are adamant about allowing CEOs to collect this exorbitant amount, then work to have Social Security collected on all incomes - stock options, bonuses, perquisites, with no limit on the income that is taxed.
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,
Mary Ann DresherBountiful, UT