From: Carl Mack
Securities and Exchange Commission
Dear Securities and Exchange Commission,
I am writing to urge the Securities and Exchange Commission to act on its proposed rule making on executive compensation disclosure. Too often executives are richly rewarded even when their companies' performance is below par. Without better disclosure, shareholders, employees and the general public cannot evaluate whether executive pay packages are unjustly enriching executives at shareholder cost or providing fair compensation.
The newly proposed rules will make this crucial information more accessible to shareholders and the public. The new requirements to disclose total compensation figures, pensions and detailed compensation breakdowns will make it clear exactly how much top executives are earning and why.
Why do we allow private companies to continue to have huge profits and generous monetary pay and benefit packages at the expense of the worker, middle American and consumer???
Goverment wants to take away public employees pensions and healthcare away from American workers, with no end in sight for the people at the top who make these foolish and detrimental cuts to middle class Americans
STOP THIS HIGH PAY INSANITY and MAKE THIS PAY MORE IN LINE WITH REALTIY. MAKE THESE COMPANIES PROVIDE BENEFITS FOR EVERYONE AT THE COMPANY THAT ARE SOMEWHERE NEAR WHAT THESE CEO'S MAKE. THEY DOUBLE AND TRIPLE DIP---- BEST PAY, BEST BENEFITS, BIGGEST BONUSES, AND MOST OF ALL HEALTH CARE AND PENSION.
I believe that CEO pay should be set by independent directors.
I also urge the SEC to require that companies disclose pay-for-performance data. In order for investors to understand how pay and performance match up, companies need to explain more clearly what level of performance is necessary for a particular level of pay. I urge the SEC to require companies to disclose both the performance criteria and the performance targets they use when setting executive pay.