October 26, 2013
Dear Securities and Exchange Commission:
My husband and I are retired with over 2 million dollars invested in publicly traded companies.
We strongly urge the United States Security Exchange Commissions to ensure that publicly traded companies disclose the CEO-to-median worker pay ratio as mandated in the Dodd-Frank Act.
Pay ratio disclosure will help us as investors evaluate CEO pay levels when voting on executive compensation matters. The ratio is an indication of the performance of Boards of Directors and identifies possible investment risks.
This information is not only important to us as investors, but as Americans who see the middle class shrinking. We absolutely do not want to be part of the problem by supporting companies with lopsided CEO-to-worker pay ratios which can harm morale and productivity among a companys workforce. This disclosure will help large funds allocate resources to the companies that re-invest in their workers.
We urge you to act.
Eloise and Kenn Hamann