From: John White []
Sent: March 30, 2004
Subject: File No. S7-19-03

this rule is a good start but does not go far enough. Shareholders should be able to nominate their own directors in proportion to the shares that they control without some kind of triggering event. Also executive pay needs to be limited to no more than 250 times the lowest paid full time employee either through some kind of law or some kind of tax.

Thank you