Chairman Christopher Cox
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549-1090
September 28, 2007
Dear Chairman Cox:
Please protect the right of investors to file shareholder resolutions and put a stop to the proposed initiatives that would curtail or eliminate this right.
Corporations are more powerful and less regulated than they have been in a very long time. And they are misbehaving more than they have in a very long time. As one example ATT has installed fiber optics near my house but has consistently refused to give me high speed internet service. For competititive reasons, they say, although they have no competitors where I live.
I get no help from the congress, no help from regulatory agencies (like the SEC), and now you want to limit the only means I have to make my complaints known and exercise some leverage.
Shareholder resolutions are an invaluable tool for investors (who are also customers) to make their voices heard. Shareholder resolutions have called attention to societal and environmental problems. You should be giving shareholders more access, not less. Protect shareholder inititiatives.