January 29, 1987
General Motors Chairman Roger B. Smith met with members of the Council of Institutional Investors, but failed to mollify their anger over the auto maker's $700-million buyout and ouster of former GM director H. Ross Perot, the Texas billionaire. Council officials said they would not try to undo the deal, but warned that the group might attempt to block future GM moves that they believe benefit one shareholder at the expense of other shareholders.
September 22, 1994 |
Some Shareholders Walk Out of Philip Morris Meeting: Representatives of six of the company's biggest institutional shareholders walked out because they felt the meeting was orchestrated and impeded serious dialogue. Shareholders, particularly union and public-employee pension funds, had been pressing for a meeting with Philip Morris managers to discuss splitting up the tobacco and food businesses and other issues.
September 23, 1997 |
The California Public Employees Retirement System and the Pennsylvania state pension fund said they may sue Columbia/HCA Healthcare Corp. directors over a government probe of the company that has sent shares plunging. Earlier at the Council of Institutional Investors conference in San Francisco, new Columbia Chairman and Chief Executive Thomas Frist assured fund officials he could resolve the probe and restore growth.
March 27, 2004 |
Roy E. Disney, the Walt Disney Co. shareholder trying to oust Chief Executive Michael Eisner, tried to tighten ties with other dissidents by offering to share information. Roy Disney said his family company, Shamrock, would "share ideas and information" with state pension funds and others, he said, declining to give details. His announcement at the spring meeting of the Council of Institutional Investors came as the group of state pension officials was arranging to meet with the Disney board.
January 30, 1985
The newly formed group of 22 pension funds--including several from California--that calls itself the Council of Institutional Investors had sought a meeting with Phillips Petroleum and Mesa Petroleum Chairman T. Boone Pickens. The group wants to discuss its concerns over a pact that Pickens and Phillips negotiated recently to end a takeover attempt of Phillips. Noting that such a meeting "is the type of thing that Mr.
March 26, 2002 |
Hewlett-Packard Co. director Walter Hewlett estimated the company spent $150 million to override the opposition he led to the proposed $20-billion acquisition of Compaq Corp. Hewlett disclosed the estimate at a meeting of the Council of Institutional Investors, a group of large pension fund managers, drawing gasps from many in the audience.