NBC Evening News for Sunday, Jun 07, 1992
View other clips in this broadcast →
Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws. For any such use, please visit NBC NEWS Archives XPRESS.
(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.]