Subject: s7-07-13 comments
From: Krista Owens

February 28, 2017

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. It would be outrageous to further delay or reverse progress on that rule now.

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.

As the employee of a large corporation and add a shareholder of large corporations, I want to know how companies use available funds. Excessive pay for CEOs has never been the best use of money, which could be reinvested in the company for R&D. Some executives are like ticks, sucking out a company's lifeblood and ultimately causing its failure.

Krista Owens