Letter: Wasted shares

Sir: If only we could hold the railways in trust as Tony Chafer suggests (Letters, 24 April). Unfortunately the business community which so deplored block votes for trades unions is fully committed to them for shareholders. As a consequence, major issues are decided in advance by the postal votes of corporate shareholders, and the small shareholders who attend meetings are supporting a cosmetic exercise which simply wastes their time and money.

Ernest C E Willis

Loughborough