November 7, 2013
Nov 7, 2013
Securities Exchange Commission
Dear Commission,
As an investor, I am writing to express my support for the SEC's proposal requiring disclosure of the CEO-to-worker pay ratio, as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
A pay ratio disclosure will help investors better evaluate CEO pay levels when voting on executive compensation matters. Compensation experts have found that there is a correlation between high CEO pay and poor performance. By mandating disclosure of the ration of CEO to worker pay, inequities will be become more transparent.
I believe that being able to compare similarly situated corporations CEO pay packages to each other may help ratchet down the high CEO-to-worker pay ratio.
Make America Right!!! I fight overseas so that these CEO's can make a dime over the small guys that do all the work? It's gone on long enough! People need to see what is costing them every year, especially when we have to bail some of these companies out via tax payer money.
Sincerely,
Steven Madelle
brookfield, MA