Subject: File No. S7-07-13
From: Alvin Goldman

September 24, 2013

I’m writing in support of a strong Dodd-Frank rule 953(b).

Study after study have shown that executive pay in publicly traded U.S. companies rarely reflects effectiveness or scope of responsibility. Rather a significant portion is an extraction that is nothing less than theft from shareholders and lower paid workers. Disclosing corporate pay ratios between CEOs and average employees will discourage the outrageous and reckless pay practices that fueled the 2008 crash and that exploits the owners and producers of corporate wealth.

Knowing which corporations heap riches upon their executives while squeezing struggling employees will be a useful factor for me and other socially conscious shareholders when considering which businesses to support with my consumer and investment dollars.

I am aware that you are under intense pressure by business interests to weaken or abandon the rule. Do not give in. Instead, weigh your duty to protect investors and the American public against the self-serving interests of those seeking to undermine this rule.

Thank you for considering my comment,

Alvin Goldman

Lexington, KY