Subject: File No. S7-07-13
From: Katherine Pflaumer

September 24, 2013

I’m writing in support of a strong Dodd-Frank rule 953(b).

Disclosing corporate pay ratios between CEOs and average employees may discourage the outrageous and reckless pay practices that fueled the 2008 crash.

Knowing which corporations heap riches upon their executives while squeezing struggling employees also will be a useful factor for me when considering which businesses to support with my consumer and investment dollars. However, it is important that the meaning of such measurements be disclosed thoroughly, and that other influential factors are considered -- for instance, I would still prefer to invest in a company that kept most of its jobs in the United States rather than in one which pays its few American workers well and relies on ill-paid, outsourced labor to keep costs down.

I am aware that you are under intense pressure by business interests to weaken or abandon the rule. Please weight most highly your duty to protect investors and the American public.

Thank you for considering my comment,

Katherine Pflaumer

Philadelphia, PA