From: Le Roy Dockter [ptrout@tds.net]
Sent: Monday, December 22, 2003 10:15 PM
To: rule-comments@sec.gov
Subject: Board Directors (s7-19-03)

I have always thought that board directors should be independent and
watching out for the stock holders.

How can any board director justify most management's salaries?  When some of
them get salaries and benefits which are hundreds' times what the employees
get that are working to get their companies profitable. This is certainly
not the atmosphere that makes for happy employees and therefore they will
not be productive.

The proposed rule that some director have a substantial holding in the
company is a good start, but needs additional work.

Le Roy Dockter
542 Harvest Lane
Verona, WI 53593
608-845-5146