Subject: File No. S7-07-13
From: Marc Smason
Affiliation: AF of M local 76-493

November 19, 2013

The idea of limiting CEO pay is spreading around Europe, while here in the US we cant even get our own government to enforce a law passed three years ago that only goes as far as saying companies have to disclose the CEO-to-median pay ratio. So who is the boss of who? In Europe it seems the people are the boss of the CEOs. They can pass laws and enforce them with teeth. But in America not so much. We cant even get laws that are on the books enforced even with a slap on the hand.