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Rating:Fund Execs Receive Unwelcome Letters Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, April 03, 2007

Fund Execs Receive Unwelcome Letters

by: Erin Kello

The WSJ reports that CtW Investment Group, the investment arm of labor federation Change to Win, which sponsors $180 billion in pension assets through affiliate unions has put funds on notice about their hiring practices. So far, 14 mutual funds have received the letters questioning their decisions to decisions to re-elect directors targeted for controversial pay packages last year. This pressure being placed on mutual funds and other large investors may lead them to cast their votes in ways that might impact pay for top executives. 

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