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The following Letter Type D, or variations thereof, was submitted by individuals or entities. Letter Type D:Dear Securities and Exchange Commission: I am an investor in publicly traded companies through my retirement plan and personal savings. 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,
http://www.sec.gov/comments/s7-07-13/s70713-241.htm
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