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The CtW Investment Group works with pension funds sponsored by unions affiliated with Change to Win. Our affiliates' six million members participate in public and Taft-Hartley pension funds with approximately $1.5 trillion in assets. The CtW Investment Group blog chronicles the latest developments in corporate governance and shareholder activism, with a specific focus on CtW Investment Group initiatives to increase long-term shareholder value through active ownership.
CtW Investment Group Executive Director William Patterson released the following statement in response to Mary Pugh’s resignation from the Washington Mutual’s board:
“Shareholders at Washington Mutual sent an unequivocal message today that they are ready for more independent and accountable Directors. We commend Washington Mutual’s Board for promptly accepting Ms. Pugh’s resignation and urge them to also demand the resignation of any other Directors who fail to win majority shareholder support.”
Click here to see WaMu's press release announcing Pugh's resignation.
Posted by on April 15, 2008 4:34 PM
