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Washington, DC ― In a new report, “Compensation Complicity: Mutual Fund Proxy Voting and the Overpaid American CEO,” the American Federation of State, County and Municipal Employees (AFSCME), The Corporate Library and Shareowners.org analyzed mutual fund voting patterns on compensation issues in

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What steps should be taken now to rein in runaway pay on Wall Street?

Click here to read the recommendations of John Wilcox, the chairman of Sodali, a director of ShareOwners.org, and the former head of corporate governance at TIAA-CREF.

Wilcox posted his thoughts Friday on the Harvard Law School Forum on Corporate Governance and Financial Regulation.… Continue

Yesterday, House Speaker Nancy Pelosi and Financial Services Committee Chairman Barney Frank wrote to Treasury Secretary Geithner expressing concerns about recent reports that financial firms receiving federal bailout dollars are set to award non-perfomance-based bonsues. The House leaders said they want the newly-installed executive compensation czar Kenneth Feinberg to ensure that pay packages do not "play Russian roulette with the American taxpayer." The letter, which may be found at http://s… Continue

SHAREOWNERS.ORG SURVEY: U.S. INVESTORS DEMANDING STRONG FINANCIAL MARKET REFORMS, MORE THAN A THIRD ARE “ANGRY” TODAY

In Response, Powerful New Social Networking Campaign Launched Today to Give Voice To “Powerless” Investors; 3 Out of 5 Investors Say They Are Now Less Confident in Market Fairness.

WASHINGTON, D.C.///June 25, 2009///More than three out of four American investors (79 percent) want to “see strong action taken to correct the problems that exist today” in the financia… Continue

A SHAREOWNER AGENDA FOR
RESTORING CORPORATE ACCOUNTABILITY

We seek to create better protections for the average American investor in the financial marketplace. The severe losses suffered by tens of millions of Americans in their portfolios, 401(k)s, mutual funds and traditional pension plans all point to the need for a new emphasis on shareowner rights and meaningful regulation in order to ensure the financial security of American families.

America has tried going down the road of finan… Continue