October 30, 2013
Oct 30, 2013
Securities Exchange Commission
IF THE CEO IS NOT ASHAMED OF HIS EARNINGS, WHICH ARE RELATIVE TO THE HARD WORK HIS EMPLOYEES HAVE DONE TO MAKE THE CEO HIS PROFITS, THEN HE/SHE SHOULDN'T BE ASHAMED OF PUTTING OUT HIS PAY FOR ALL HIS HARD WORKING EMPLOYEES TO SEE. THE CEO DON'T WANT TO DO THIS AS IT WOULD PROVE THAT THE CEO EXPECTS LOYALTY FROM THE WORKERS; BUT HAVE NO LOYALTY TO THOSE MAKING THE CEO SUCH HUGH PROFTS.
As an investor, I am writing to express my support for the SEC's proposal requiring disclosure of the CEO-to-worker pay ratio, as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
A pay ratio disclosure will help investors better evaluate CEO pay levels when voting on executive compensation matters. Compensation experts have found that there is a correlation between high CEO pay and poor performance. By mandating disclosure of the ration of CEO to worker pay, inequities will be become more transparent.
I believe that being able to compare similarly situated corporations CEO pay packages to each other may help ratchet down the high CEO-to-worker pay ratio.
DIXIE SPRINGERCHANDLER, IN