May 14, 2012
I'm not surprised to learn that corporate lobbyists don't want transparency about the ratio of CEO-to-worker compensation. It has gotten so outrageously unbalanced that they don't want the general public to know. But no CEO should be paid as if they are 380 times more vaIuable than any other employee. (Especially when far too many have run companies into the ground and then gotten a golden parachute.)
I urge you to promptly issue a rule requiring public companies to abide by Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. It's the least you can do to help expose how obscenely high levels of CEO pay are wreaking havoc on employee morale at a time when workers are being asked to do more for less.
Sincerely,
Mary Keils