Jan. 8, 2020
Rule Comments, As a freelance graphic artist, my income and saving are fairly small; I am no millionaire. I have an IRA with Fidelity. I have some other investments, too, but I am still no millionaire. Corporations like to address the financial interests of their wealthy corporate officers and their biggest investors; typical corporations do not address the needs of labor, but instead lay off thousands of workers at a time to lower their payroll and have bigger dividends. They don't like regulations, either to keep their workplaces safe, not play with their employees' retirement funds, or worst of all, to protect the environment. Their preferred actions harm people and planet in the interest of a few more dollars in major investors' pockets. Shareholder proposals encourage companies to act more responsibly on important social policy issues such as reforming executive pay, respecting human rights and protecting the environment. For this reason, CEOs want the SEC to make it harder to submit shareholder proposals. That is unfair to small investors, people with retirement savings, and so on. Protect the rights of small investors - don't let CEOs stack the deck in their favor. Please preserve shareholder proposals. David Limburg [redacted]