S7-19-03From: Dick Tripp [macanudo62@earthlink.net]
Sent: Monday, March 29, 2004 6:26 PM
To: rule-comments@sec.gov
Subject: S7-19-03

The current system of nominating and electing members of Boards of Directors is 
too incestuous. The process does not permit a reasonable way for stockholders to 
nominate and elect anyone other than the Management's anointed set. The system 
MUST be changed to prevent reverting to the old boy network and cronyism. Recent 
excesses have shown us, the American stockholders that such practices lead to 
poor decisions and actions not in the best interests of stockholders. They may 
benefit a few in the short haul but not the majority over the long haul.


Richard W. Tripp, Jr.
79 Kingery Drive
El Paso, TX 79902-2224