From: durability [durability@hawaiian.net]
Sent: Tuesday, October 22, 2002 4:53 AM
To: 'rule-comments@sec.gov'
Subject: petition for rulemaking (sec file no. 4-461)

Mr. Katz
We support the Petition for Rulemaking (SEC File No. 4-461) submitted by 
the Committee of Concerned Shareholders and James McRitchie.
We had multi-thousands of dollars invested as shareholders in WorldCom, we 
were appalled to find out the depth of malfeasance going on. Then we find 
out it is rampant in American business: Enron, Adelphia, Global Crossing, 
Arthur Andersen, etc.
A start would be to re-democratization the system that governs the board of 
directors: BOD's are supervisors of the company business and not their good 
old boys.  CFO Magazine (October 2000) publicly let the cat out of the bag! 
In an article entitled, "Corporate Governance - Empty Seats on the Board," 
CFO stated, "Jeff Rodek, CEO of software maker Hyperion Solutions, 
interviewed candidates for the company's board ?. Rodek ? has hired one new 
director and is looking for another." Did anyone wonder why the CEO had 
"interviewed" and "hired" the persons who are supposed to be the 
Shareholders' "watchdogs" of his activities?
Do you know how to boil a frog? You put it in a pan of lukewarm water and 
turn up the heat.  That is what has happened to our economy, you (we 
Americans) have become so used to the shenanigans that awful behavior is 
accepted by the govenment (you).
That bodes ill for the long term success of the economy.

Regards,

Charles & Marilee Stanton

Durability Solutions, L.L.C.
13-3455 Maile Street
Pahoa, HI 96778
Email: Durability@hawaiian.net
Web:www.hawaiian.net/~durability
(808) 965-0474