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Rating:TIAA-CREF's Chief Urges Fundsters to Fight the Good Shareholder Fight Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, April 27, 2010

TIAA-CREF's Chief Urges Fundsters to Fight the Good Shareholder Fight

News summary by MFWire's editors

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.

Roger Ferguson
President, CEO
"Institutional investors have a lot of clout if they choose to act," Ferguson opines.

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.). 

Edited by: Neil Anderson, Managing Editor

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