Consider this proposal from Pen-l alum Dean Baker: How about trying to get a shareholder proposal within TIAA/CREF, which would mandate that the pension fund would not invest in any company whose compensation for any single executive exceeded a certain amount, say, $3,000,000? We have a lot of TIAA/CREF members on pen-l and could easily use the internet to scare up lots more. Anyway I don't know the exact procedure for getting these things to a vote, but if we even succeeded in doing that, win or lose it would have to have scare the hell out of a lot of important people. (Some of you may have seen the recent NYT article on TIAA/CFRE using its muscle on W.R. Grace). What say, any takers? Mark Weisbrot
