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Entries tagged "CtW"BofA's Lewis to stay; shareholders reactBank of America shareholders react to news that CEO Ken Lewis and the board were re-elected, but another vote that would split Lewis' roles is still being tallied. Citi shareholders on Pandit, BofA's LewisCitigroup Inc.'s Vikram Pandit and Bank of America Inc.'s Ken Lewis could share the same fate. But according to Citi and BofA shareholders, Lewis may be ousted first. BofA soars as markets spring forwardThe markets saw a late-day surge as investors digested Bank of America Corp. (NYSE:BAC) CEO Ken Lewis' leaked testimony from New York AG Cuomo's investigation into Merrill bonus payments. BofA's shareholders react to Lewis' testimonyBank of America Corp.'s (NYSE:BAC) shareholders Jonathan Finger, CtW and others believe Lewis' testimony, leaked to The Wall Street Journal, is "a nail in the coffin" for the CEO and the board. Blagojevich allegedly sought to corrupt anti-deal activistsEarlier Dealscape noted Illinois Governor Rod Blagojevich and his Chief of Staff John Harris may have meddled in Tribune Co.'s auction of the Chicago Cubs and Wrigley Field. However, also buried in the Department of Justice's charges against him is an alleged attempt to corrupt anti-deal activists, the Service Employees International Union, which during the height of the private equity boom protested leveraged buyouts, and the affiliated Change to Win movement, which takes activist shareholder positions on behalf of union pensions. ... CtW wins some, loses some, but wants more from WaMuA large activist labor-backed institutional investor just isn't satisfied with Washington Mutual Inc.'s Kerry Killinger's decision to step down as board chairman at the country's largest savings and loan. CtW Investment Group, an organization that advises pensions for unions belonging to the Change to Win labor group, wants more.... Activist investors want Citi to splitThe American Federation of State, County and Municipal Employees wants Citigroup Inc. to split up its investment banking and commercial banking units, the Financial Times is reporting. This is on top of the request CtW Investment Group has made for Citigroup board members to explain what they did to manage subprime loan risks.... CtW calls for WaMu to acknowledge shareholder sentimentUnion pension adviser CtW Investment Group demanded Monday that the board of Washington Mutual Inc. request the resignation of any director who fails to win a majority vote of shareholders at the company's annual meeting Tuesday. Votes cast by brokers holding shares in street name only should be excluded, CtW added. CtW's demand was delivered in a letter to the WaMu board.... Glass Lewis supports Morgan Stanley's MackProxy advisory firm Glass, Lewis & Co. LLC's recommendation Monday on Morgan Stanley is a mixed bag for an activist labor union-backed fund. CtW Investment Group, an organization that advises pensions for unions belonging to the Change to Win labor group, on March 12 had launched a "just vote no" campaign, calling on investors to vote against Morgan Stanley chief executive John Mack (pictured left) from his role as chairman of the brokerage firm. They also wanted to see investors vote against two other directors, Robert Kidder and Howard Davies, at the company's scheduled April 8 annual meeting. ... CtW seeks nay vote for Mack, other Morgan Stanley board membersCtW Investment Group's message to Morgan Stanley shareholders is simple: You lose the company $9.4 billion, you lose your board seat.... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "CtW." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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