Subject: s7-07-13 comments
From: Larry Nelson

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.

We should also be checking to see what percentage of their income they pay in taxes compared to their employees and the rest of us. Maybe there needs to be a special CEO income tax bracket to make sure they're paying their fair share!

Larry Nelson

MN