From: Melissa Morrill
Sent: April 6, 2006
Subject: File No. S7-03-06

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.

I believe that CEO pay should be set by independent directors.
Under the proposed rule, a director could secretly do $120,000 in business with a company, an amount that is more than four times the average worker's annual pay of $27,460. Shareholders should be told if directors have potential conflicts of interest, no matter what the amount.

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.

What is going on in our Nation is the equivalent of legalized white color theft. I have worked for Delta Airlines for 30 years; we had "interlopers" who knew the law come in and rob our company in a matter of 6 years.Michell Burns, Leo Mullin et al., are maggots who devoured our company and left a rotting carcass. They targeted Delta because we were a thriving company with cash assets. Leo Mullin and Michell Burns cleaned out our bank account and left the employees demoralized; with major pay concessions, questionable safety issues,decreased benefits, longer working hours, no sick pay, and no pension; so they could line their pockets. They are now doing the same things to other companies. It's a disgrace that congress and our government condone this behaivior.What leo and Michell et al. did, may be legal but it is not moral.Thank God there's a special place in hell for them, and the people who support their actions.


melissa morrill
5001 coco plum way
sarasota, Florida 34241