From: J. Lake [bushrod2@prodigy.net] Sent: Tuesday, June 10, 2003 5:37 PM To: rule-comments@sec.gov Subject: coporate officers (s7-10-03) If one controls the nomination process, one controls the election. I think more democratization for the selection of the board of directors would actually help large companies avoid some of the current problems in compensation and fraudulent accounting. Nobody wants to invest in a wasteful company. Sincecely, J Bushrod Lake