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The Wrong Road to Good Governance?


Q: In early September, the U.S. Chamber of Commerce said it would sue the SEC over the new independent-director rule.

A: They should. The SEC overstepped its bounds. This is a legislative matter, and I don't think they should be telling people who should be the chairman. Our shareholders are concerned now that we're going to be disinterested, and we've gotten letters saying, "are these people morons?"

Q: Aren't


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