June 15, 2009
It is high time the shareholders are being offered some meaningful input to the selection of board members. I applaud you for taking this important step toward stopping the outlandish salaries board members vote to pay one another as stockholders helplessly sit by in astonishment. I believe board members currently abuse their power with a "you choose me as a board member and I will choose you" arrangement. Board members need to be motivated and highly qualified for their important work, but I believe there is a plentiful supply of such persons that are willing to work for far less money than many are paid. The stockholders need to know what salary the various nominees demand.
Ideally, the shareholders need to be allowed the privalege of specifying their 1st 2nd and 3rd choice on the ballot so that they will have a voice in choosing between the top two condenders no matter which two candidates those are, and so that they can vote for their true favorite without fear of "losing" their vote.