From: Ganden Thurman |
Dear Securities and Exchange Commission, I am writing to urge the Securities and Exchange Commission to act on its proposed rule making on executive compensation disclosure. Shareholders, employees, and the general public have a right to know exactly how much their "executive" employees are costing the company: in salaries, benefits, pensions, bonuses, and the support staff which actually does the work the "executives" are technically paid to do. Since there is no principle or law specifying the amount that "executives" pay themselves; the only check on abuse (of the company and by extension, of the customers, vendors, employees, sheareholders, the local communities affected, etc...) is the judgement of the shareholders who, in turn, can only apply said judgement if they are given honest information. Obviously, the "executives" have no incentive to be honest -- indeed they have incentive to do just the opposite and the record shows that abuse is just too tempting for these individuals -- and so it would seem logical to regulate their disclosures to help them provide honest information about their "executive" conduct and performance to their shareholders and all other parties with a vested interest in the continuity of the company in question. I thank you for your time. Sincerely, Ganden Thurman |