Financial Week - Broker vote zaps shareholder might: Activists say retail brokerages provided majorities for WaMu directors; NYSE rule change still MIA. [Jeff Nash, April 28, 2008]
"The controversial practice of broker voting is once again in the spotlight, thanks to Washington Mutual's highly contentious annual shareholder meeting earlier this month."Christian Science Monitor - Proxy ballots: your chance to make a difference Don't toss that envelope. Shareholder resolutions address issues ranging from executive pay to human rights. [Steve Dinnen, April 28, 2008]
"With this year's proxy season in full swing, investors are demanding an explanation of loans that not only hurt home buyers but also trashed the balance sheets of many companies that provided the funds."CtW Investment Group, for one, is suggesting that union pension plans it advises vote against certain directors of huge financial-services concerns tied to the foreclosure crisis."
Posted by on April 28, 2008 1:56 PM