October 12, 2013
We've been hearing for decades about the rise in American productivity, yet who has benefited from this? Not American workers, whose wages are stagnant and who have less job security now than ever before. The expanding gap between CEO and worker compensation, the golden parachute severance packages to overrated CEOs who have cost hundreds of thousands of employees their jobs and the criminal recklessness of the investment and banking industry, have had and continue to have a corrosive effect, not just on American workers but on America's economic viability. The Dodd-Frank rule is a very small step in the right direction. American corporations must be accountable for the economic harm their business practices do to America. After all, they don't hesitate to take maximum advantage of the perqs available to them through the government - i.e., the American taxpayer.
Donna Newman
Merced, CA