Chuck Schumer actually said...

"What Senator Schumer in his bill prescribes, however, is not appropriate, and that is that you create a separate committee to do that."

"I do not have much time, and I cannot stay for a second round."

"But you would be supportive of it."

"Fourth, it eliminates staggered boards which insulate board members from the consequences of their decisions by requiring all directors to face election annually."