The Paramount board is not permitting shareholders to choose between these two alternatives.

He would also permit shareholders owning more than 10 percent to call special stockholder meetings where a majority vote of the shares represented could depose the board.

Since last November, Chemical has permitted shareholders to use their quarterly dividends to buy new shares from the bank at a discount.

Would make permanent the "poison pill" law enabling corporations that are targets for hostile takeovers to dilute their stock, permitting shareholders to purchase shares at a reduced cost.

While other companies have foundations, Berkshire is unusual in permitting shareholders to decide where company charity goes.

The change permits resident shareholders in New York City co-ops to participate in the program and increases the maximum income level that otherwise limits participation.

"This would be a new way in the organization of the corporation to actually permit shareholders to directly inform themselves on matters fundamental to the corporation."

Another proposal would permit shareholders, if they wished, to pool their shares for a single candidate or a few candidates, rather than the full slate.

The plan, which would permit current shareholders to buy common stock at half its market value, would be activated if any investor acquired 30 percent or more of Wrather's stock.