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TALKING POINTS FOR TRIDENT/USA SPEECH

2 MAY 1988

TRIDENT/USA POINTS

          Federal preemption
          One-share, one-vote
          Proxy reform
          Confidential vote
          No protectionism
          Workers the best
          Bureaucracy
          Accountability

TRIDENT POINTS ANTI-TAKEOVER LAWS

          NJ, NY, OH studies
          show laws reduce
          stock values

STOCK GAINS, EFFICIENCY

          Conference Board, Bradley, Jensen; $Billions added, more productive, efficient

R&D SPENDING

          Bronwyn (Stanford): no
          effect
          Jarrell (SEC): targets
          spend less

JOBS

          Brown/Medoff (MI): wages, employment higher post-takeover
          Yago (NY): M&A an alternative to plant closings. . .no loss
          Labor Dept: 15 million new jobs; lowest unemployment since 1974
          [Handwritten addition: NY Times Sunday]

ECONOMY

          66 months of growth, longest ever