From: Showalter.Spaulding [Spaulding.Showalter@suntrust.com]
Sent: Wednesday, May 01, 2002 2:02 PM
To: 'rule-comments@sec.gov'
Cc: 'chairmanoffice@sec.gov'
Subject: Executive Compensation

Executive compensation is AN OUTRAGE!!  There is a complete disconnect
between company performance and pay.  Many hardworking middleclass Americans
are losing jobs while CEO's and there minions receive pay raises and bonuses
(witness Lucent).

Is anything being done to curb the rape of shareholders at companies like E
Trade and Worldcom where friendly boards forgive loans in the 10's or 100's
of $millions?  And how about retirement packages of executives at venerable
GE.  I'm sure that many average Americans would be shocked to find out that
up to 50% of inflated salaries can be sheltered from taxation and give
GUARANTEED 12% rates of return.  

Where is the SEC on these issues?
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