21.   Ordinary corporations pay income tax at the company level, and then their shareholders must pay tax again on any dividends they receive.

22.   Shareholders then pay taxes on gains only when they redeem their shares.

23.   Shareholders must then pay taxes on these distributions.

24.   Shareholders pay taxes on gains only when they redeem shares.

25.   Shareholders then pay the taxes on those gains, as well as on dividend income.

26.   So shareholders should pay close attention.

27.   That way, shareholders would only pay the tax if they sold the EDS shares.

28.   The shareholders must then pay taxes on the dividends.

29.   They say management is just making bad investment decisions -- and that shareholders are paying the penalty.

30.   Vanguard U.S. Growth shareholders would pay even less.