November 7, 2013
Nov 7, 2013
Securities Exchange Commission
Dear Commission,
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.
We cannot have a strong economy if most cannot afford to participate.
Continued wealth concentration means more who cannot participate in our economy.
Sincerely,
John Woodland
Superior, MT