May 18, 2012
Please act immediately to require public companies to report their CEO-to-worker compensation ratio, as required by Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The ratio will be useful for several important reasons. First, investors and shareholders want to know, and deserve to know. Not only is it an ethical measure, but some research has found that companies with more equity are more productive.
Second, it will provide boards and directors with a means to make a direct comparison of their own company and CEO compensation to that of other companies. They will then be able to make better decisions on these matters.
Sincerely,
Todd Paddock