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Focus (Money: Shareholders vs. Corporate Managers) #587421

NBC Evening News for Sunday, Jun 07, 1992
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(Studio: Garrick Utley) Report introduced.

(Sacramento: Jeff Madrick) Growing shareholder dissatisfaction with corporate managers featured; details given of pressure from California Public Employees Retirement System (CALPERS) on General Motors Corporation that resulted in historic concessions from General Motors Corporation head Robert Stempel. [CALPERS Richard KOPPES, University of California at Los Angeles professor David LEWIN - talk about the event.] Other companies that responded to, or have been targeted for, suggestions from CALPERS, which wields power due to its pension investment funds, named. [California treasurer Kathleen BROWN - talks about top management salaries.] The spread of shareholder activism detailed. [Takeover specialist T. Boone PICKENS - says corporate America will perform or face change.]

Reporter(s):
Madrick, Jeff;
Utley, Garrick
Duration:
00:03:10

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