Business Services Industry
Investors Challenge Directors at Large Firms.
Knight Ridder/Tribune Business News, May, 2004
By Ilene Aleshire, Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News
May 9--Pension funds, shareholder activists and labor groups have corporate boards in their cross hairs this year, stepping up campaigns to challenge the election of directors at some of the country's largest companies.
The California Public Employees' Retirement System, the nation's largest pension fund, is taking its case against 300 companies to the public. On its Web site, it is posting the names of directors whom CalPERS refuses to vote for.
Stanley Gold, a former director who is leading an attempt to oust Michael Eisner from the Walt Disney Co. board, is stumping for an eight-point proposal to improve the quality of corporate boards, including...
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