From: acbircher@earthlink.net
Sent: Tuesday, October 08, 2002 8:55 AM
To: rule-comments@sec.gov
Subject: Petition for Rulemaking (SEC File No. 4-461) 

October 8, 2002
 
Mr. Jonathan G. Katz
U.S. Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
 
Dear Mr. Katz,
 
This email is to inform you that I fully support the Petition for Rulemaking
(SEC File No. 4-461) submitted by the Committee of Concerned Shareholders and
James McRitchie.

In light of the explosion of corporate corruption in the US marketplace, I
feel that it is time to rescind SEC Rule 14a-8(i)8 as this rule allows public
corporations to effectively exclude 
director nominations from shareholders by not allowing them to know all the
names of the nominees.
 
It is also becoming fairly common knowledge among investors that corporate
boards of directors are a "good old boys" club where quid pro quo is rampant,
and where the only recourse available to stockholders concerning board members

is litigation.
 
I am sure that at some time there was a valid reason for this rule, but the
time has passed where this rule better serves the corporate stock shareholder
than not having the rule at all.
 
To not rescind this rule is to risk total disillusionment by individual
stockholders and a stock market starved for investors.
 
Sincerely,
 
A. Cary Bircher