May 18, 2012
Please issue a rule now requiring public companies to disclose their ratio of CEO-to-worker pay.
I remind you that such disclosure is required by Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The ratio of CEO-to-worker pay is important information for investors for many reasons.
Studies show that huge pay disparities hurt employee teamwork, loyalty and motivation--and hence, productivity.
Furthermore, it's just plain wrong.
Workers are being asked to do more for less, and the impact of obscenely high CEO pay on employee morale is extremely important.
Sincerely,
Rachel Youdelman