Topic: Andy Stern

Not Your Father’s Labor Movement

By Mark Naccarato | June 18, 2009 |

Another kind of change is happening in America since the Obama Administration took office – a change in how corporations and their shareholders conduct business.

On April 29, during one of the most contentious annual shareholder meetings in Bank of America’s history, shareholders called for new leadership and greater accountability as 50.3 percent voted in favor of a resolution forcing Chairman Ken Lewis to resign as Chairman of the Board.  “Today, we saw a vote of no confidence in Ken Lewis who has overseen record losses in stock value and whose short-sighted business plans have put personal gain ahead of shareholders and the long-term health of the company,” said SEIU Master Trust Chairman Andy Stern. «Read the rest of this article»

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