Subject: File No. S7-21-04
From: Nick Appelmans

March 17, 2017

I feel very strongly that this rule must be kept and enforced. Never has the disparity between people at the top of a corporation and those working at median wages been so great. There is nothing to indicate that what a CEO brings to a corporation is so many multiples better than what a worker who earns the median wage at the same corporation contributes. This rule, encourages corporations to rethink the excessive CEO pay.

Thank you for your consideration.