In a recent year, three individuals accounted for 70 percent of all shareholder proposals at 250 companies. Fewer than 10 percent of those proposals passed. These individuals typically8 own only a few hundred shares of each company. If, as firms estimate, the cost of including each proposal is $87,000, then the total expense, just from these three people, is over $6 million. In some cases, the shareholders submit the same proposals year after year. Should the rule on shareholder proposal be amended? If so, how?