From: Brad Hight [bradhight@usa.net]
Sent: Monday, March 29, 2004 8:59 PM
To: rule-comments@sec.gov
Subject: Fairer elections for boards of directors

I am a 23-year old who just graduated in the past year.  I have started working 
at a Fortune 500 company and now have money I would like to invest.  Some of my 
money goes into the company I work for (not too much though, I learned that 
lesson through Enron) and the rest into other companies that appeal to my 
interests that appear to be fair.  However, I have recently received the ballots 
for the companies whose shares I own.  After I looked at them, I couldn’t figure 
out why there were no new nominees for the board of directors, and why it was 
only current members on my ballot.  With a few of the companies, I wanted to 
vote for new directors!!!!!  But when there are no new nominees to vote for on 
the ballot, there is nothing but frustration for me.  You need to revise the way 
directors are nominated and make it easier for SHAREHOLDERS, you know, the 
OWNERS of the company, to nominate directors, instead of the directors 
nominating the directors.  Call it common sense, but in the end it will probably 
make shareholders “glad” they own the companies.  

 

Sincerely,

Brad Hight