Category: state treasurers

State Treasurers Demand Answers on How Asset Managers Vote Their Pension Shares

May 23, 2023
Business & MarketsESGInvestmentpersonal financestate financial officersstate pension fundsstate treasurers
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Amid claims of “a historic breach of fiduciary duty,” by some of Wall Street’s top firms, state treasurers issued a letter last week to 20 of America’s largest asset managers, demanding an accounting of how they have voted the state employees’ corporate shares that they control. In a May 15 Wall Street Journal op-ed, the…

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IN-DEPTH: States Fight ESG Industry, Despite Costs and Long Odds

April 29, 2023
anti-eggBlackRockBusiness & MarketsCompaniesDemocratseconomic policiesenergyEnergy policyESGinflationPoliticsRepublicansstate treasurersUSUS Features
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As conservative states push back against the progressive agenda of Wall Street banks and asset managers, some analysts are warning that “anti-ESG” states will pay a price for taking on Wall Street and the ESG industry. North Carolina State Treasurer Dale Folwell has enacted several measures, including calling on Larry Fink, CEO of BlackRock, the…

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