[PEN-L:4836] Re: a TIAA/CREF proposal

[mmeeropo@xxxxxxxxxxxxxxxxxxxxx (Mike Meeropol)]

Mark Weisbrot wrote:
>
> Consider this proposal from Pen-l alum Dean Baker:
>
> How about trying to get a shareholder proposal within
> TIAA/CREF, which would mandate that the pension fund
> would not invest in any company whose compensation
> for any single executive exceeded a certain amount,
> say, $3,000,000?  We have a lot of TIAA/CREF members
> on pen-l and could easily use the internet to
> scare up lots more.  Anyway I don't know the exact
> procedure for getting these things to a vote, but if
> we even succeeded in doing that, win or lose it would
> have to have scare the hell out of a lot
> of important people. (Some of you may have seen
> the recent NYT article on TIAA/CFRE using its muscle
> on W.R. Grace).
>
> What say, any takers?
>
> Mark Weisbrot

I agree.  I'm for it.  When/how do we start?

--
Mike Meeropol
Economics Department
Cultures Past and Present Program
Western New England College
Springfield, Massachusetts
"Don't blame us, we voted for George McGovern!"
Unrepentent Leftist!!
mmeeropo@xxxxxxxx
[if at bitnet node:  in%"mmeeropo@xxxxxxxx" but that's fading fast!]