October 22, 2013
Dear Securities and Exchange Commission:
I am an investor in publicly traded companies through my retirement plans IRAs and personal savings.
I strongly support the SEC’s proposal requiring companies to disclose the CEO-to-median worker pay ratio, as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Pay ratio disclosure will help investors evaluate CEO pay levels when voting on executive compensation matters. The ratio of the CEO-to-worker pay is a valuable metric for investors, because it places CEO pay levels into a broader perspective.
For example, investors may use pay ratios as a factor when casting say-on-pay votes. Pay ratio disclosure also will help investors better understand their company’s overall compensation for all employees.
High CEO-to-worker pay ratios can have a negative impact on employee morale and productivity. Disclosure of the pay ratios will help the capital markets better allocate capital to those companies that invest in their workforces.
We can also see the Base Compensation and the Bonuses given for added compensation for performance and growth of the company. Go ideas, inovation and just plain common sense decisions that work well should be rewarded but bad performance should not detract from earnings with unwarented bonuses. and compensation. The Stock holders need to know why there dividends and investor values are held back by over paid Managers and CEO compensations.