Subject: Rule S7-25-97 Author: "Tom Riesing" at Internet November 10, 1997 Arthur Levitt, Chairman Securities and Exchange Commission 450 5th Street, NW Washington, DC 20549 Dear Chairman Levitt: I am writing to voice my strenuous objection to the SEC's new proposed rules (S7-25-97). If adopted, these rules will all but destroy the rights of American shareholders like myself. Please use all your power to stop these proposed rules from going forward. Small shareholders are counting on you to protect our tights. Don't let these proposed rules be another set of regulations from Washington that favor big business. Either let the existing rules stand or develop new rules that better protect shareholders' rights. Americans are counting on you to safeguard our rights. Today's shareholder process is a responsible, reasonable approach. It starts a process of dialogue between concerned shareholders and corporate management to find real solutions to real problems. The process as it stands today is an important tool for protecting my financial interests as a stock owner. It is also an important marketplace mechanism for promoting corporate accountability and corporate responsibility. Shareholders like me have enormous financial interest in addressing the diverse issues raised through the shareholder process. When companies fail to address their governance, environmental or social impact problems, shareholders suffer as do workers and whole communities. Corporate mismanagement of these issues can seriously effect a company's reputation and bottom line. I applaud the SEC for reversing its Cracker Barrel Decision but the new SEC rules have retained and strengthened its anti-shareholder policy. Reverse Cracker Barrel, but don't let the rest of the proposed rules go forward. Mr. Levitt, don't take away my shareholder rights. Please leave a legacy of upholding the rights of individual shareholders. Avoid a firestorm over this issue. Stop the SEC's proposed rules from going forward. Sincerely, Tom Riesing [Embedded image moved to file] CC: Senator Alfonse D'Amato, U.S. Senate, Washington, DC 20510 Senator Paul Sarbanes, U.S. Senate, Washington, DC 20510