Lessons of activism.(Editorial)(Cintas Corp.)

Pensions & Investments, December, 2005 by Burr, Barry B.

Byline: Barry B. Burr James Peck might now be called the Rosa Parks of the shareholder activism movement. Instead he is hailed as the "first militant social issue shareholder activist.'' In 1948, Mr. Peck bought a share of Greyhound Corp. stock in order to raise with management "the issue of integrating bus seating in the South.'' Mr.

Peck, a member of the Congress for Racial Equity, "subsequently engaged in a multiyear (albeit unsuccessful) battle with the company (including proceedings before the Securities and Exchange Commission and the courts) on the issue because of his belief that `segregation was a bottom line issue' because `customers who experienced segregation would institute expensive lawsuits against the company.''' Jay W. Eisenhofer and...

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