Subject: file S7-25-97, restricting shareholder resolutions

Date:    11/18/97 10:38 PM
     
     
The historically recent entities called 'corporations ' now have major 
influence over the lives of Americans and increasingly citizens of all 
developed countries.  There seems to be very little legislation actually 
requiring that they behave in a manner remotely serving the public 
interest.  One exception is the requirement for shareholders resolutions to 
be voted on if a shareholder has $1000 stock, and allowing re-introduction 
if 3, 6, and 10 percent support is received in succeding years.   Given the 
low success of shareholder resolutions, this clearly is not easy to 
accomplish, especially if the corporation is actively fighting it.  The 
resources and odds are clearly stacked in favor of the corporate position 
already.   PLEASE DO NOT MAKE IT ANY HARDER FOR SHAREHOLDERS TO INFLUENCE 
CORPORATE BOARDS.  In particular I am opposed to the proposed changes in 
regulations that allow corporations to decide if the proposal is "worthy" 
to be presented, and then raises the re-introduction thresholds.  Is it 
truly your intention to totally isolate corporate leaders from the people? 
Please leave us the faint hope of embarrassing the leadership of  DOW or 
EXXON into mitigating their most anti-social behavior.  We yet have a 
chance of improving the quality of American Life, as opposed to the wealth 
of a select few, if we remember that corporate charters are privileges 
granted to an enterprise to " serve the public good."   Please consider 
your responsibilities as an official in a government "of, for, and by the 
people."  
     
Sincerely,   John Keevert,  1696 Westfall Rd., Rochester, NY, 14618