November 8, 2013
Nov 8, 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.
CEO's are paid millions & millions of dollars and more millions in stock options and other perks, which the workers are dribbled miniscule pay increases and have their benefits cut and retirement funds eliminated. Stop the madness.
Sincerely,
Ellen Catron
Desert Hot Springs, CA