From: James Reeves
Sent: September 14, 2006
Subject: File No. S7-03-06

I am writing to urge the Securities and Exchange Commission to act on its proposed rule making on executive compensation disclosure. Too often executives are richly rewarded even when their companies' performance is below par. Without better disclosure, shareholders, employees and the general public cannot evaluate whether executive pay packages are unjustly enriching executives at shareholder cost or providing fair compensation.

The newly proposed rules will make this crucial information more accessible to shareholders and the public. The new requirements to disclose total compensation figures, pensions and detailed compensation breakdowns will make it clear exactly how much top executives are earning and why.

I believe that CEO pay should be set by independent directors.
Under the proposed rule, a director could secretly do $120,000 in business with a company, an amount that is more than four times the average worker's annual pay of $27,460. Shareholders should be told if directors have potential conflicts of interest, no matter what the amount.

I also urge the SEC to require that companies disclose pay-for-performance data. In order for investors to understand how pay and performance match up, companies need to explain more clearly what level of performance is necessary for a particular level of pay. I urge the SEC to require companies to disclose both the performance criteria and the performance targets they use when setting executive pay.

Since there are freedoms of economic choices that I believe help this country, we should be involved in a discussion about the agenda of executives hiring lobbyst to change United States constitution and State constitutions so all the rules of operation are in their favor. We the people are not focused on the breaches made concerning the constitution. One such issue is binding arbitration being used to undermine the 7th ammendment. This is a breach because the founders fathers put the word preserve in the exact place of citizenship responsibility thereby exalting the very importance of continuity.


james reeves