Subject: Executive Compensation
Date:    4/19/97 7:28 AM
     
     
to_name: Secretary Jonathan Katz,Chairman Arthur Levitt 
from_name: Mr. John Koji Kagawa (age 35)
Street address: 11272 Nebraska Avenue 
City: Los Angeles
State: CA
Zip: 90025-4207
Phone: 310-479-7678
message: I am writing in the individual capacity of a U.S.-born citizen deeply 
concerned about abuse in corporate America.
     
Having attended Law School and learning enough about Corporate Law, I
know that the problems you face at the S.E.C. are truly staggering. 
If corporate crime were properly reported, then regulators and law
enforcers could seek remedies on behalf of the shareholders with great
speed.
     
There is at present great attention to pay, however, little is being
done at restoring shareholder's confidence, rehiring wrongly
discharged workers, or penalizing the criminals involved.  Whether in
a suit or pajamas, a criminal is amenable under the laws.  Do not 
waver, nor lessen the sentences.  This is what got California in 
trouble.  Sentencing, once deemed proper, need not be open to review
on the question of damages.  Courts fail, too, but you know what I
am referring to.  Laws are useless unless they truly reflect "good"
public policy.  As such, do not fear fast-talking lawyers.  Take your
time, and do things with equity and fairness in mind, and you will know who the 
victim is and who the criminal is.
     
If you can, please prepare a complaint form that can be completed by
shareholders who seek remedy for harms commited upon them.  The S.E.C.
can change internal protocol to meet changes in the way business is
conducted as needed, just as any other business.  Those at the head of
the S.E.C. must not only have the power and courage to see to items
of import, but they must have the support and cooperation they need
from those below them.  Please see to this as well, then you folks 
will be running business like S.W.A.T., and it will be a happy place
to work as well.  Remember, work should be fun.  Don't let anyone 
deceive you.  Thank you, and good luck!
     
     
Sincerely,
     
     
     
John K. Kagawa
11272 Nebraska Ave.
Los Angeles, CA  90025
     
(310) 479-7678
     
jkagawa@ix.netcom.com
     
     
     
P.S. I would like to report Prudential Realty Trust (NYSE: PRT) for
     
their crimes to your task force when they have time to tackle it.
     
Thank you.