From: Jonathan Pond
Sent: January 19, 2007
To: rule-comments@sec.gov
Subject: File No. S7-03-06

SEC Chairman Christopher Cox

Dear [ SEC Commissioners ],

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.

It's time that big Corporations started actually paying there employees a livable wage.

Top Exec's have become American Royalty. They dont deserve it.
It's time to scrape the top of this "GOOD OLD BOY ANT HILL" and expose their exesses. But, then again, they are your pals also so I don't expect much from you on this matter. Then again, the world is full of surprises. Where there is a concience there is hope! How about it. Can you "DO THE RIGHT THING"?

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.

Sincerely,
Jonathan Pond