BUSINESS
December 6, 1996 | Times Staff and Wire Reports
Leaders of a tobacco divestiture campaign predicted that the movement to dump tobacco stocks will gain momentum in 1997 because legal and regulatory pressures are making them risky investments. "Tobacco is horrific on moral grounds, and there is no longer a compelling case to be made for it on strictly economic grounds," Steve Schueth, president of the Social Investment Forum, said in a teleconference. Meanwhile, Steven Goldstone, chairman and CEO of RJR Nabisco Holdings Corp.
BUSINESS
September 23, 1997 | GEORGE WHITE, TIMES STAFF WRITER
Joined by Labor Secretary Alexis Herman, a group representing about 400 "socially responsible" investment firms on Monday vowed to use their clout to pressure clothing manufacturers and retailers into taking a tougher stand against apparel industry sweatshops.
BUSINESS
September 8, 1989 | From United Press International
The Valdez principles, to be used by investors as a measure of a corporation's commitment to safeguarding the environment, were announced Thursday by an environmental and social coalition. The Coalition for Environmentally Responsible Economies, or CERES, said the 10 principles would be immediately circulated among major U.S. corporations for signatories. CERES said it would monitor the adherence to the principles by corporations, whether they are signatories or not, and make public the results.
BUSINESS
September 23, 2007 | Kathy M. Kristof, Times Staff Writer
A coalition of investor groups wants to mobilize shareholders to upend proposals that could damage their rights. "This is a critical moment," said Daniel Pedrotty, director of the office of investment at the AFL-CIO, which has become an activist investor on behalf of the union's pension plan. "Now is the time that people really need to weigh in, not only with the Securities and Exchange Commission but with their congressmen." The issue: the election of corporate directors.
BUSINESS
April 5, 1992 | KATHY M. KRISTOF
In the past several years, Americans have become increasingly aware of the social and environmental activities of U.S. companies. And this awareness has helped fuel an investment movement that's variously called "green," "socially responsible" or simply "socially conscious."
BUSINESS
September 20, 2002 | JOSH FRIEDMAN, TIMES STAFF WRITER
Regulators on Thursday proposed forcing mutual funds to reveal how they cast their votes on behalf of investors in corporate contests over executive pay, board makeup and other issues. The Securities and Exchange Commission voted unanimously to seek two months of public comment on the plan, which could draw fierce opposition from the fund industry. Fund companies, which hold about 21% of the U.S.