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Who's in Charge Here?

Listening to shareholders is easy. Making sense of their concerns is not.

September 1, 2010

On the eve of the 2008 elections, Richard Ferlauto, a union-pension-fund executive, noted that if the Democrats were to win big "it will be like Christmas for us."

While the Democrats did, in fact, sweep Congress and take the Presidency, the ensuing weeks hardly matched most people's idea of Christmas: the still-unfolding financial crisis saw the S&P hit a five-year low. But Ferlauto wasn't talking about performance gains; he wanted to find a host of corporate-governance gifts under the tree, and he wasn't disappointed. Read more...

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