HealthSouth to reimburse for proxy fights

News that HealthSouth Corp. is moving to become the first big U.S. business to reimburse activist shareholders for the expense of unseating management-backed directors is welcome but we think there is a better - and cheaper - solution. In the Internet age it should be easy to eliminate 'snail mail' and transfer all communication between companies and their shareholders to the Internet. This would also include annual and interim reports. One has to assume that individual shareholders as a group are a sophisticated group of people who by now have full access to the Internet.