It's been brought to my attention that CtW Investment Group's Director of Value Strategies Mike Garland was quoted in a column about online shareholder activism in the Sunday Washington Post.

In her Kiplinger's Personal Finance column, Anne Kates Smith writes that "shareholders big and small are putting corporate boards on the hot seat, expressing their views on everything from executive pay to the subprime-mortgage meltdown. The CtW Investment Group, which is affiliated with a coalition of labor unions, wants board members at six financial firms, including Citigroup and Merrill Lynch, to explain what they did to manage subprime-loan risks. Says CtW's Mike Garland: 'Absent compelling explanations, we'll recommend that shareholders vote against reelection.'"

Posted by Anna Mumford on April 22, 2008 8:03 AM