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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.
In a piece today in the New York Post, Kaja Whitehouse reports that “letters are pouring in to WaMu Chairman Kerry Killinger and other board members” on the broker vote issue.
She reports: “Among those crying foul are pension funds from California, Florida, New Jersey and North Carolina, including the granddaddy of all pension funds, the $255 billion California Public Employees Retirement System and the $80 billion New Jersey Division of Investment.
“Several union pension funds are leading the charge, and the Council of Institutional Investors, which represents 140 public, private and union pension funds, is also drafting a letter on this issue, to be released today.”
Posted by on April 24, 2008 9:46 AM
