Subject: s7-07-13 comments
From: Mary Teshima

February 28, 2017

There is runaway inequality in the US. This is believed by many people. The U.S. Securities and Exchange Commission has long delayed the Dodd-Frank law’s requirement that public companies disclose the ratio of their CEO’s pay to the pay of their median worker This has been delayed 5 years already. It is outrageous to further delay or reverse progress on that rule now. Many believe there is inequality and the US securities and exchange seem to be skirting it's responsibilities to the people of the united states to find out if this economic wage discrepancy is indeed true.

Americans need and deserve more information about corporate pay practices. Such data helps shareholders guard their pocketbooks against self-seeking executives and it helps us all evaluate the long-term soundness of companies. That’s because excessive compensation at the top encourages risky practices up and down the line—in addition to inhibiting teamwork and reducing employee morale and productivity.

There is simply no excuse to give big corporations a pass about being transparent about their pay practices.

Mary Teshima