Subject: File No. S7-12-11
From: Carol Pulitzer

May 19, 2011

You are the last people in the world who need to be told that the incentive system on Wall St. is wrong. No other business model includes inducements of this kind. They are outrageous. Seems to me Wall Streeters are sociopaths; they just don't care about the harm they do to other Americans and in fact the whole connected world! If there were a price to pay for bad outcomes you know these super money conscious people would change the game. So do the right thing. Make them pay if they fail; tie incentives to long term success.

carol pulitzer