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SHAREOWNERS.ORG: “MAJOR VICTORY FOR SHAREOWNERS” IN HOUSE COMMITTEE VOTE UNDERSCORING SEC’S RIGHT TO ALLOW SHAREHOLDERS TO NOMINATE DIRECTORS

WASHINGTON, D.C.///November 4, 2009///ShareOwners.org (http://www.ShareOwners.org) Executive Director Maureen Thompson issued the following statement today:

“In a victory for shareowners, the House Financial Services Committee today approved an amendment to the Investor Protection… Continue

Proxy Access legislation is moving in the US House of Representatives this week. Concerned ShareOwners should be prepared to contact members of the House Financial Services Committee as soon as possible to support the Waters-Peters amendment , which will go to a roll call vote on Wednesday. The amendment seeks to affirm the SEC's current authority to propose proxy access rules mandating that public companies disclose in their proxy materials the names of all candidates running in director electi… Continue

Today shareholders scored a major victory at the Securities and Exchange Commission, winning a reversal of the Bush administration policy that had allowed companies to exclude shareholder resolutions requesting information on the financial risks associated with environmental, human rights and other social issues facing companies. In Staff Legal Bulletin 14E issued today, the Division of Corporation Finance announced that from this point forward shareholder resolutions will be evaluated based on… Continue

Fortune Magazine asks the question “Who cares if Wall Street 'talent' leaves?” In an October 23, 2009 article (http://money.cnn.com/2009/10/23/news/newsmakers/fed.feinberg.fortune/index.htm?postversion=2009102310)
they address critics’ concern that reining in pay makes it hard to keep talented employees. While saying “Godspeed to this "talent"”, they note the billions of dollars in… Continue

Citigroup continues to offend taxpayers and shareholders alike. For years shareholders have been demanding more accountability from the Citi board. This is the Too Big To Fail posterchild that only exists because of government largess. Citi's 1999 lobbying effort to dismantle the Glass-Steagall Act was one of the root causes of the banking system's near collapse. Citigroup needs to be broken up before it can do any more harm to its owners (including the government), and it should not be a… Continue