August 12, 2009
Elizabeth M. Murphy
Secretary, Securities and Exchange Commission
100 F Street Northeast
Washington, DC 20549-1090
File number: S7-10-09
Dear Ms. Murphy:
There is no good reason to change the current shareholder proxy access rule. Certainly, many businesses of all sizes are struggling right now, but allowing minority shareholders too much access within a large corporation is not the answer. The SEC should not approve this change.
As a songwriter and musician, I am in business for myself. My affiliation with ASCAP helps me ensure that my rights are protected as far as ownership of my work goes. I appreciate their support of my art, but the success of my business is up to me. This means that my investments are extremely important to me. Protecting them in any way that I can helps me ensure that my children?s future is a prosperous one.
Please oppose changes to the shareholder proxy access rule. As someone why has already seen his retirement account drop by a huge amount over the past year, I simply cannot afford to let the SEC make a change that has the potential to cause share prices to drop even more. My livelihood and my retirement savings depend on the success of the corporations that will be affected if this change takes place.