Penn., Mass. Dislike White, Male Boards, Too

Yesterday Pennsylvania and Massachusetts announced that they dislike white, male boards, too.  Not only that but they also added new powers to proxy voting, so that nearly a trillion dollars in pension funds is now at stake for those companies, which refuse to diversify their boards.

But, wait!  How dare they!  Didn’t Fox News just slap CalSTRS on the wrist for pressuring Facebook about its board?

“We essentially own corporate America, and not the other way around,” said Massachusetts State Treasurer Steven Grossman in an interview with Bloomberg Businessweek.  “We cannot go hat in hand to corporate CEOs and suggest that it would be a ‘nice’ thing if they would increase the number of women. It’s not about being nice.”

You said it, Steve!

States Use Pension Clout to Push for More Women on U.S. Boards

Steven Grossman, our new hero

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s