Subject: File No. S7-07-13
From: Rodney Hetzel

November 8, 2013

Dear Securities and Exchange Commission:

I am an independant business man and work hard to make good investments that are my savings plan. My wife works for a large retailer, their CEO and other executives will make more this year than ever before. My wife has been an outstanding employee who gets constant praise from management "you do the work of 10 others here on the floor", yet over the past month they have cut her hours to 20 hours per week while they train part - timers for the holiday season. Is this JUST? Is this the way to treat hard workers? It is time to rein in corp pay.
I strongly support the SEC’s proposal requiring companies to disclose the CEO-to-median worker pay ratio, as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Pay ratio disclosure will help investors evaluate CEO pay levels when voting on executive compensation matters. The ratio of the CEO-to-worker pay is a valuable metric for investors, because it places CEO pay levels into a broader perspective.

For example, investors may use pay ratios as a factor when casting say-on-pay votes. Pay ratio disclosure also will help investors better understand their company’s overall compensation for all employees.

High CEO-to-worker pay ratios can have a negative impact on employee morale and productivity. Disclosure of the pay ratios will help the capital markets better allocate capital to those companies that invest in their workforces.

Sincerely,

Rodney Hetzel

Rockwall, TX