Subject: File No. S7-07-13
From: Charmaine M Phillips

October 16, 2013

I am excited to hear of Pay Ratio Disclosure. As a citizen as well as a stock market enthusiast I believe this information is vital in the decision making process of the American people. Additionally, I do not believe the median income should only include U.S. salaries, but it should encompass wages globally, as to also then include benefits paid to the CEO from abroad as well.

I beg that the SEC is not swayed by the pull of those wealthy CEOs and does not lower the standards or make exceptions to the proposed Pay Ratio Disclosure requirements.

God Bless All