From: msprinker@earthlink.net
Sent: Thursday, December 04, 2003 12:10 AM
To: rule-comments@sec.gov
Subject: Re: File No. S7-19-03



Secretary Jonathan Katz
Securities and Exchange Commission Re: File No. S7-19-03
450 Fifth St., N.W.
Washington, DC 20549

Dear Secretary Katz,

Re: File No. S7-19-03

I am pleased to hear the U.S. Securities and Exchange Commission
is on the verge of adopting historic corporate accountability
reforms. I am writing to offer supporting comments on SEC
proposal S7-19-03 regarding security holder director
nominations. 

For far too long, we have watched too many corporate boards
award outrageous pay and retirement perks to corporate
executives. These same boards are unwilling to challenge CEOs
with the tough questions their duties require. This has allowed
self-dealing executives to destroy entire corporations and walk
off with millions, leaving shareholders, workers and communities
to suffer the consequences. And these executives then live the
good life, not having to worry about the same things that those
they cheated now ahve to - finding a decent job, medical
coverage, retirement and so on.

The SEC reforms could give shareholders a voice in picking
corporate directors and stop this disgrace. However, the
proposed rules contain certain barriers that would make them too
difficult for investors to use - high ownership thresholds, a
cumbersome two-year process and more.

I urge the SEC to reject those unnecessay barriers and adopt
final rules that truly will give shareholders a voice in picking
directors at America's largest corporations. Corporate reform
should be something investors actually can use - if the reforms
are useable, then they are not true reforms, but will merely be
wallpapering a problem which is destroying the US economy.



Sincerely,

Michael Sprinker
PO Box 2875
Akron, Ohio 44309-2875