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 |
|
Thursday, April 13, 2000 Odd Lots, April 13, 2000 Going My Way? From The Wall Street Journal One of the most hotly contested votes of this presidential year will be held Friday, and Alan Davidson is in the middle of the fray. Davidson isn't a politician; he is the head of a small Jericho, NY, brokerage firm, Zeus Securities Inc. And while he was virtually unknown even in the securities business a few years ago, Davidson has emerged as a pivotal player in determining the outcome of an increasingly contentious plan by the National Association of Securities Dealers to sell part of the Nasdaq Stock Market to the public. For six weeks, he has waged a campaign of colorful letters and e-mail messages -- most with lots of bold type, hyperbolic metaphors and headlines critical of the NASD, such as "The Betrayal" -- to elicit as many votes against the plan as possible. Socially Responsible Boomers From Philadelphia Daily News Not long ago, Wall Street mocked socially responsible funds. No more. After a slow start, baby boomers have started pouring more money into the nation's 144 socially responsible mutual funds, with assets hitting a record $529 billion last year, according to the Social Investment Forum, a nonprofit organization in Washington, D.C. CalPERS Protests Salary Package From San Francisco Examiner The California Public Employees Retirement System has decided to protest Bank of America Chairman Hugh McColl Jr.'s $76 million package of salary, stock and other compensation by withholding its votes from the committee that approved the payout. McColl in 1999 received $1.25 million in salary and a $2.5million bonus, plus stock awards and options equal to $71.9 million. In that same year, Bank of America's stock dropped 16.5 percent and the company reduced its staff size by more than 10 percent. In a voting decision posted on the CalPERS Web site, CalPERS indicated it would withhold its vote from the five-member Bank of America compensation committee. Printed from: MFWire.com/story.asp?s=25645 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |