Subject: File No. S7-07-13
From: Miriam Lester

March 28, 2015

Dear Securities and Exchange Commission:

I am an undergraduate student who is worried about the wealth gap in this country and the real threat that poses to our Democracy. I am concerned that that, "it is fundamentally unfair for the pay gap to be so wide, and that it allows a few uber-rich people to wield undo influence over society, economics and politics."

I strongly support the SEC’s proposal requiring companies to disclose the CEO-to-median worker pay ratio, as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Pay ratio disclosure will help investors evaluate CEO pay levels when voting on executive compensation matters. The ratio of the CEO-to-worker pay is a valuable metric for investors, because it places CEO pay levels into a broader perspective.

For example, investors may use pay ratios as a factor when casting say-on-pay votes. Pay ratio disclosure also will help investors better understand their company’s overall compensation for all employees.

High CEO-to-worker pay ratios can have a negative impact on employee morale and productivity. Disclosure of the pay ratios will help the capital markets better allocate capital to those companies that invest in their workforces.

Sincerely,

Miriam Lester