Subject: File No. S7-07-13
From: Carmen Lubrano

November 21, 2013

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.

Consumers should also be able to judge on whether they want to support specific companies that show a high CEO-to-worker pay ratio.  In a time where companies do not hesitate to reduce their work force in the guise of saving money, while CEO's continue to make millions; consumers can decide which company gets their hard earned small wages.

Carmen Lubrano

Carmen Lubrano

Toney, AL