November 30, 2013
I support Dodd-Frank rule 953(b).
Disclosing corporate pay ratios between CEOs and average employees will finally show which corporations are driving this trend, which siphons money away from investors to excessive CEO remuneration.
In 1990, senior executive pay absorbed 5 percent of corporate profits. Today, according to Government Metrics International, it absorbs 10 percent.
This trend hurts companies and the economy, which would be strengthened by more worker income and investment in R&D.
I urge you to implement a strong rule that will uphold the intent of the Dodd-Frank law.
Thank you for considering my comment,
John Gau
Worcester, MA