From: Jim and Linda Swearengen
Dear Securities and Exchange Commission,
We are writing to urge the Securities and Exchange Commission to act on its proposed rule on executive compensation disclosure.
Executive compensation is taking a larger and larger bite from earnings, while the executives and their minions deliberately obfuscate the figures. Workers, the government, shareholders,and even the boards themselves are unaware of the total compensation packages.
The newly proposed rules will make this crucial information more accessible to shareholders and the public.
Rules should also require executive business dealings connected to the company, its directors and other executives be instituted and enforced
In addition,we urge the SEC to require companies to disclose both the performance criteria and the performance targets they use when setting executive pay.
Jim and Linda Swearengen