September 25, 2013
I’m writing in support of a strong Dodd-Frank rule 953(b).
Disclosing corporate pay ratios between CEOs and average employees will discourage the outrageous and reckless pay practices that fueled the 2008 crash.
Knowing which corporations heap riches upon their executives while squeezing struggling employees also will be a useful factor for me when considering which businesses to support with my consumer and investment dollars. The bailout was intended to save banks from bankruptcy, not to enrich the executives whose bad decisions caused so much misery for former homeowners--there are obvious reasons here why some call them "banksters." This disparity is changing the goal of our government from democracy to plutocracy, especially with the Supreme Court's decision to allow companies to be citizens. Please uphold this transparency as the American way!
I am aware that you are under intense pressure by business interests to weaken or abandon the rule. Do not give in. Instead, weigh your duty to protect investors and the American public against the self-serving interests of those seeking to undermine this rule.
Thank you for considering my comment,
Amanda Porter
Piscataway, NJ