Advertisement
YOU ARE HERE: LAT HomeCollections

CALIFORNIA | PENSION FUNDS | THE STATE

Maxxam Urged by CalSTRS to Swap Forest

May 13, 1997|(Bloomberg News)

A Maxxam Inc. shareholder proposal to have the company swap its Headwaters land in exchange for government claims from a failed savings and loan was endorsed by a large pension-fund stockholder. The endorsement came from the California State Teachers' Retirement System, which is the Houston-based timber company's 10th-largest institutional shareholder with 71,400 shares. Its recommendation was reported by the Rose Foundation, an Oakland-based environmental group. Pension fund executives couldn't immediately be reached to comment.

Advertisement
Los Angeles Times Articles
|
|
|