From: BuildMWell@aol.com [mailto:BuildMWell@aol.com]
In my opinion, the majority of our nations problems with business come from a lack of stockholder involvement. The stockholders own the companies, but they are used as pawns by the bad guys.
I understand the problem. I have no solution. The SEC absolutely must deal with this. Maybe a thorough education for investors is where money should be spent. The shareholder needs to become empowered again.
I see the problem each time I vote my proxy. Management runs through all sorts of perks for themselves and the "stockholders" vote with management. Part of the problem is the Mutual Funds and the Index Funds...they have historically voted with management. That is where this whole problem began. The fox is in charge of the hen house.
So, please add my vote in favor of reform. I know it is needed for many companies. On the other hand, there are many, many great companies that already have a solid, honest management team that takes the stockholder's interests to heart. We do not need to hamstring them.
Thank you for your consideration