Subject: File No. S7-07-13
From: Jon Kutz

November 21, 2013

Dear Securities and Exchange Commission:

I support a measure to limit the total compensation of the highest paid employees in a corporation to no more than 12 times the total compensation for the lowest paid employees.
Anything less than this is just more smoke and mirrors to cover grossly excessive executive compensation.


Jon Kutz

Jon Kutz

Lake Crystal, MN