August 12, 2009
The Senate Bill concerning the Shareholders Bill of Rights is flawed. There is no reason a Union holding shares in a company should have any more rights than I as a life insurance agent should have. As I understand the Bill, Corporate boards would be giving up their obligation to manage for the best interest of all shareholders NOT a special segment of shareholders. This board is accountable and therefore should have the obligation to represent all classes with special privilege for no one. This is a potential method of "buying votes" for a special class of shareholder. I hope that you will work in opposition to this Senate Bill. Thank you for considering my mail.
Melvin Maltz, LUTCF
Lone Star Advisory Group