MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, April 27, 2010 TIAA-CREF's Chief Urges Fundsters to Fight the Good Shareholder Fight Fundsters interested in (or worried about) acting as activist shareholders may want to look at Roger Ferguson's op-ed column in today's Wall Street Journal. Ferguson, the president and CEO of TIAA-CREF, extols the virtues of President Barack Obama's proposal to give shareholders more power and urges institutional investors, including mutual funds, to wield that power.
Industry insiders should take heed, as Ferguson has clout. He's a member of Obama's Economic Recovery Advisory Board and he previously served as vice chairman of the Federal Reserve's Board of Governors. TIAA-CREF is itself a mutual fund firm and a giant provider of defined contribution retirement plans (i.e. 403(b)s, 401(k)s, etc.). Printed from: MFWire.com/story.asp?s=32028 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |
