AFR wrote a comment letter supporting the requirement in Section 953(b) of the Dodd-Frank Act that companies disclose to investors the ratio of CEO pay to the compensation of the typical employee at the company. Existing requirements mandate disclosure of top executive compensation only, encouraging companies to focus unduly on peer to peer comparisons when setting CEO pay. Disclosure of CEO-to-worker pay ratios will encourage Boards of Directors to also consider pay equity within firms, top-to-bottom and not just at the CEO level. This information will also be useful to investors who prioritize pay equity as part of their investment decision. Rep. Nan Hayworth (NY) has introduced a bill to repeal this section of Dodd-Frank.
PDF version available here February 22nd, 2011 Mary Schapiro Chairman Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Cc: Luis Aguilar, Commissioner Cc: Kathleen Casey, Commissioner Cc: Troy Paredes, Commissioner Cc: Elisse Walter, Commissioner Cc: Elizabeth M. Murphy, Secretary Re: File No.
February 22nd, 2011 Mr. David A. Stawick, Secretary Commodity Futures Trading Commission Three Lafayette Centre 1155 21st Street, N.W. Washington DC 20581 Ms. Elizabeth M. Murphy, Secretary Securities and Exchange Commission 100 F Street, N.E. Washington, DC 20549-1090 Re: SEC File No. S7–39–10; Definition of
February 15, 2011 RE: Opposition to proposed cuts to SEC/CFTC funding under the proposed CR Support for amendments to restore funding to these agencies Dear Member of Congress: On behalf of Americans for Financial Reform, a coalition of more than 250 national, state and
FOR IMMEDIATE RELEASE DATE: January 27, 2011 CONTACT: John Carey at 202-466-1854 firstname.lastname@example.org AFR STATEMENT ON FINANCIAL CRISIS INQUIRY COMMISSION REPORT Washington, DC – Americans for Financial Reform (AFR), the diverse coalition that fought for passage of Wall Street reform last summer, released the following
Letter to Members of Congress Calling for an Increase in Funding to the SEC and CFTC in Order to Implement Financial Reform
Read our letter to members of Congress calling for an increase in funding to the SEC and the CFTC to provide them with the necessary resources and capabilities to implement Dodd-Frank and allow financial reform to become a reality. Dear Member of Congress, As Congress
David A. Stawick, Secretary U.S. Commodity Futures Trading Commission Three Lafayette Centre 1155 21st Street, N.W. Washington, D.C. 20581 Elizabeth M. Murphy, Secretary U.S. Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Re: Interpretation of the Definition of “Commercial Risk” Dear Mr.
June 16, 2010 To Members of the H.R. 4173 Restoring American Financial Stability Act of 2010 Conference Committee Washington, DC 20510 Re: Support Statutory Guidelines on Bank Debt and Capital Dear Conferee: The over 250 consumer, employee, investor, community, small business and civil rights groups
BanksterUSA.org’s Mary Bottari has posted a new blog entry about Goldman Sachs and the recent civil fraud charges filed by the SEC. She says: One of the most salient analogies of the financial meltdown was offered by Financial Crisis Inquiry Commission chair Phil Angelides when
For Immediate Release April 16, 2010 Washington, DC – Americans for Financial Reform issued the following statement regarding the S.E.C. suit accusing Goldman Sachs of fraud on mortgage deals. Heather Booth, Director, Americans for Financial Reform: “The SEC investigation into Goldman Sachs is a major event