US - Several of the largest US pension funds including CalPERS and the pension funds of New York City have signed a letter asking Securities and Exchange Commission chairman William Donaldson to reconsider the SEC's issuance of no-action letters on six proxy proposals submitted by the AFSCME Employees Pension Plan.
Last November, AFSCME submitted shareholder proposals to AOL Time Warner, Bank of New York, Eastman Kodak, Sears Roebuck, Citigroup and ExxonMobil. The advisory proposal sent to the first three com...
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