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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (88746)	12/15/2004 7:41:45 PM
From: rrufff	Respond to of 122087

President Bush - makes tort reform a top priority, includes class action reform. Hopefully, this includes corporate class actions. Current system is a joke with class action legal factories doing just enough paper shuffling to maximize fees and get a few pennies for shareholders. Change to a system that encourages individual shareholders and derivative actions against individuals who breach their fiduciary duties to shareholders. Management works for shareholders not the other way around. Make class action lawyers' fees limited unless shareholders get at least 25% recovery of their losses. Current system gives millions to lawyers, who usually do nothing more than canned pleadings, after the race to the court to get "lead plaintiff," and a few pennies to shareholders. Cases are rarely tried. Goal is to produce just enough work to maximize fees per hour. Combine this with reform in corporate bankruptcy area so that companies can't wipe out common if the same management winds up in the new entity with new employment packages, options, etc. Limit corporate management "packages" so that we don't have the joke 6, 7 and 8 figure payouts to management that often fails in performance. Eliminate capability of board of directors to impose poison pills and other supposed "shareholder protection" scams.