September 29, 2013
I am grateful to the SEC for opening comment regarding a public company's determination of median annual total compensation of employees. One only need to examine the trend to see this ever-widening disparity of income.
The argument agains this is quite absurd, ranging from the cost of this calculation to the prediction of "class warfare".
What the United States of America needs is the truth.
I state this along with my strong agreement with those who have assessed real medium numbers over the past 30 plus years. The American public should examine the growing inequitable distribution of income of private enterprises, especially after years of hearing about "the trickle down effect". This disparity has detrimental effect sustaining the middle class. What I and others have seen at the local level, reveals that we have reached horridly obscene levels of CEO pay and income disparity. Significant numbers of companies operating under these conditions often do little to help fund the public safety and works provided by municipal government, as many of them have found ways to exclude themselves from local tax base.
We MUST reveal the ratios of CEO pay to that of average workers. What companies choose to pay their CEOs IS OUR BUSINESS