From: Daniel Blickman [DBlickma@klehr.com] Sent: Thursday, May 29, 2003 9:45 AM To: rule-comments@SEC.gov Subject: Re: S7-10-03 As a person with investments in the stock market, directly and through mutual funds and pension funds, I am aware of how shareholders are often thwarted in exercising their votes as owners. I am also aware of the extraordinarily large pay packages and other perks which CEOs obtain without shareholders having any real say in the matter. As a tax lawyer who has worked for CEOs, I am also aware of how much time and effort they devote to feathering their own nests. There is no sense of limits or standards in this area, as recent scandals have demonstrated. What is worse, there has been little in the way of legal obstacles to such behavior. Therefore, I believe the SEC is long overdue to review corporate governance issues related to shareholder votes and CEO accountability. I think that shareholders especially need to have greater ability to elect directors who are not in the pocket of the CEOs and have the resources and motivation to check abuses. Thank you for your efforts, Dan Blickman Daniel R. Blickman Tax Partner Klehr Harrison Harvey Branzburg & Ellers LLP 260 S. Broad Street Philadelphia, PA 19102-5003 Direct line: 215-569-2699 Fax: 215-568-6603. Daniel R. Blickman Tax Partner Klehr Harrison Harvey Branzburg & Ellers LLP 260 S. Broad Street Philadelphia, PA 19102-5003 Direct line: 215-569-2699 Fax: 215-568-6603.