Subject: File No. S7-13-11
From: Micah Bloomfield
Affiliation: tax lawyer

April 6, 2011

I applaud the effort you are making to try to get compensation under control in public companies.

It is important that compensation not be a race to the highest level. The recent financial crisis was in part caused by compensation that was measured over too short a term, something that independent persons, or better yet the shareholders, would be less likely to tolerate.