Blood for cash

[formercia]

Source: MarketWatch



Blood for cash
Commentary: Fidelity vote reflects changing momentum
By David Weidner, MarketWatch
Last update: 12:01 a.m. EDT April 8, 2008

NEW YORK (MarketWatch) -- A couple of weeks ago, I received an unusual phone call just before I put the kids to bed.
On the phone was a representative of Fidelity Investments, the company that runs my 401(k) and maybe yours too, along with $1.5 trillion in assets.
Fidelity, to the best of my recollection, has never called me before. It has inundated me with mail, sending me small forests' worth of proxy information, tax fodder and marketing junk, but it's never called, and for that I was grateful -- until the other day.
--snip--
Fidelity wanted me to vote against a resolution making it harder to invest in companies linked to genocide. "Can I put you down for a no?"


Read more: http://www.marketwatch.com/news/story/mutual-funds-have-blood-their/story.aspx

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Needs no comment. Read it for yourself, please.

[robinlynne]

1. shit. can I put you down for a no..... glad theya re having to make that phone call.

it means they're up against public pressure.