Subject: s7-07-13 comments
From: Gene Mason

February 28, 2017

There is no excuse to give big corporations a pass about being transparent about their pay practices. This is especially so considering that certain types of compensation is a corporate tax write-off and thus is paid for by tax payers! We have every right to know!!!

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.

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

Do your job rather than the bidding of special corporate interests.

Gene Mason

CA