Date:    1/5/98  1:14 PM
Subject: S7-25-97
     
I object to this new rule all together.  It further removes the 
stockholders (owners) from the process of determining the values by which a 
corporate person, of which they are a part, will be allowed to operate in 
the real world.  Corporate persons are creations of the stockholders by 
virtue of both their citizen-function in creating laws giving them life, 
and in their economic-function in contributing the capital that enable them 
to live.  But the ubiquitous influence of of large corporations now makes 
the valuing process ever more complex and distant from the people.  The 
corporation now has more power in shaping opinion than other community 
forces.  When you place restrictions on the percentages of votes necessary 
in succeeding years to bring value questions to the attention of corporate 
boards of directors you make this process even more difficult.
     
To paraphrase a famous value giver:  THE ECONOMIC SYSTEM AND THE 
CORPORATION WAS MADE FOR HUMANITY, HUMANITY WAS NOT MADE FOR THE 
CORPORATION AND THE ECONOMIC SYSTEM.
     
Raising value questions needs to be made less difficult -- not more 
difficult in a society where natural consequences do not send the immediate 
messages they did generations ago.  
     
The only alternative would be for a citizens movement to change the 
corporate law to the place where it used to be-- that corporations did not 
have "eternal life" but had to come hat in hand to ask for re-birfth or 
continued lease on life every seven years to the representatives of the 
people.
     
Rev. Robert A. Kinsey
Peace and Justice Task Force
United Church of Christ