From: John Richardson [jfrichardson@adelphia.net]
Sent: Wednesday, March 31, 2004 9:17 AM
To: rule-comments@sec.gov
Subject: S7-19-03


It is time to change the board of directors from an old-boys
club to an organization that actually represents the investors in
the company. Literally! Look how many directors are over
65 just serving out their lucrative sinecures as long as
they can travel and collect their bonuses and options.

Let's invigorate American corporate governance.


John Richardson