Los Angeles Times: CalPERS Puts Shell, Disney on Focus List
From Bloomberg News
June 10, 2004
The California Public Employees’ Retirement System targeted Walt Disney Co., Royal Dutch Shell Petroleum Co. and two other firms to be the focus of the pension fund’s corporate-governance campaign this year.
CalPERS, the biggest U.S. pension fund, wants Disney, Shell, Emerson Electric Co. and Maytag Corp. to make changes to their boards and to improve their stock performance. The system picks as many as 10 companies each year for its Focus List, based on performance, corporate governance and other factors, CalPERS said.
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