October 1, 2007
Dear Securities and Exchange Commission:
An individual shareholder, whether he/she is small or large in proportion to the size of an entire shareholder community, deserves a say in advisory resolutions. Whether a person owns 10% or 0.000001% of a company's shareholder wealth, that person is putting his/her own money at stake. The decisions made by that company have an impact on people's investment and lives. Evidenced by the numerous corporate scandals of past and present, there is a need for checks and balances on corporate decisions. The right to have a say in these decisions should not be taken away from any shareholder.
With that said, allowing individuals to vote only if he/she can gather 5% of total shareholder weight is appalling. This indirectly limits the voter population to the rich and only the rich. I am in support of FEASIBLE means that enable the common investor to be heard.
Thank you for your kind attention.