Subject: Comment on File Number S7-07-13

October 12, 2013

I support Dodd-Frank rule 953(b), which strikes me as being all about the intersection of pay equity and investor value.

American workers are more productive than ever, but, year after year, studies show working Americans earning less and less, even as CEO pay balloons and corporate profits soar.

Disclosing corporate pay ratios between CEOs and average employees will finally show which corporations are driving this trend, which siphons money away from investors, and into the pockets of CEOs. In 1990, senior executive pay absorbed 5 percent of corporate profits. Today, according to Government Metrics International, it absorbs 10 percent.

Fairer pay structures mean stronger companies and a stronger economy – both of which are important to me as a consumer and as an investor. Consider the painful blow our economy received in 2008, and please know the repercussions were felt and still are felt several times over across the country. In my household alone we are still struggling to surface from it. I know many American families in the same place as well, hardworking taxpayers desiring to care for their children and contribute to their communities, but under the weight of supporting the few at the top who are the least amongst us needing help.

No doubt there are a select few who benefit from the status quo of keeping the pay disparities undisclosed. Stand firm, and implement the law as written.

Thank you for considering my comment,

Julie Wilgus

Philadelphia, PA