Subject: File No. S7-07-13
From: Jean M. Blair
Affiliation: Social Worker, New York Foundling, New York Ciry

September 25, 2013

As both a worker and an investor, I believe that pay ratio information is essential. When I invest in a company (or even if I do business with a company) I want to know the pay ratio of their employees. It tells me much more about the company's philosophy than do any of the slick releases sent out for public consumption.
Also, in the United States the pay ratio of major companies has become so extreme that our economy is suffering greatly from the imbalance. It seems to me that the first step toward addressing this is to make the information public.