Subject: Rule S7-25-97
Author:  <AllJoy@aol.com> at Internet 
Date:    11/24/97 8:15 PM
     
     
I just became aware of the SEC's proposed new rules that will impact 
shareholder rights.  I urge Mr. Leavitt and everyone involved to stop these 
proposed rules from going forward.  It's bad enough that voters and taxpayers 
have fewer and fewer rights, but these rules mean that, as stockholders, we 
will also have fewer rights. 
     
It is imperative that shareholders retain some rights and some say in the 
resolution of corporate problems.  After all, it is the shareholders that 
make the corporations' existence possible, and therefore they should be able 
to participate in this process.  
     
Don't do anything to give corporate America any more power than they already 
have.  They already own the government.  Don't strip shareholders of their 
rights.  
     
Believe me, there are more shareholders than there are corporate managers, 
and if the SEC proceeds with this rule change, they will not hear the end of 
it.  It will be an uproar louder than the SEC has experienced in a long, long 
time.  Because when companies fail to address environmental or social impact 
problems, everyone suffers, and particularly the shareholders.  Because 
eventually, they are the ones that will pay for the problems.  By 
participating in resolution of such problems, shareholders can help avoid 
costly impacts not only to the environment and workers, etc., but also to the 
profitability of the company.
     
Joy Hyde Firoe