From: Joe Rosenberger
Sent: April 10, 2006
To: rule-comments@sec.gov
Subject: File No. S7-03-06

Securities and Exchange Commission

Dear Securities and Exchange Commission,

A publicly held company should have strict rules governing the ratio of top to bottom compensation. I like the 10 to 1 ratio.
If the bottom total compensation is worth $50,000 per year, then the top compensation can not exceed $500,000 per year.

If a Fortune 500 CEO wants to make more then that, he can raise the bottom compensation, or he can start his own private company, and make as much money as "his" busness can support.

Sincerely,

Joe Rosenberger
5382 Whippoorwill
Kalamazoo, Michigan 49009