From: GeogeSch843@aol.com [mailto:GeogeSch843@aol.com]
Sent: Tuesday, June 22, 2004 12:43 PM
To: chairmanoffice@sec.gov; PG01@earthlink.net
Subject: Separation of CEO & Chairman


Congratulations on requiring Mutual Funds to have an independent Chairman of the 
Board separate from the CEO. The same person having both functions is a conflict 
of interest! I am sure the individual investors, who are the penulimate owners of 
mutual funds as well as coporations welcome the change. Now expand such 
requirements to all corporations. The individual investor has not had an advocate 
for a long time since corporations, business council, etc have contributed masses 
amounts of money  to legislatures to thwart the regulatory process and their 
ethical  responsibility. Keep up the good work.