Chuck Schumer actually said...

"Can you give me one good reason that a director who gets only one vote at an annual meeting should be allowed to continue as a director?"

"Fifth, it requires public companies to split the jobs of CEO and chairman of the board and requires the chairman to be an independent director."

"The council believes a modest proxy access mechanism would substantially contribute to the health of our U.S. governance model."

"There are far too many cases recently where boards of directors... were asleep at the wheel."