Subject: File No. S7-03-06
From: Joseph Shook

April 7, 2006

I feel there needs to be far more accountability by not only all of the chief executive officers and other high level management of the major corporations and businesses, but also of our governmental representatives This should not only include pension plans, bonuses, but salaries and subsequent increases, along with substantial grounds for such extreme expenditures by the employing organization.

Our governmental officials also need to be accountable for their own expenditures and reasons for backing any and all supported departmental expenses and spending bills.

We, the American taxpayer, have a right to know how these revenues are dispersed and who is responsible for that, plus what the specific reasons are for such expenditures.