NY City Public Advocate & pension fund trustee Bill de Blasio, Trillium Asset Management, institutional investors, democracyorganizations to detail plans for rally and press conference outside 3Mshareholder meeting in St. Paul, MN
Telephone PressConference TODAY, 5/7 at 10:30 AM -- Phone: 1 (800) 894-5910 ID: 3M
New York City Public Advocate Bill de Blasio, a trustee of the $40 billion New York City pension fund, Boston-based investment firm Trillium Asset Management, Common Cause and other advocacy organizations part of the Corporate Reform Coalition will hold a telephone press conference detailing plans for protesting the political spending policies of the Minnesota based 3M Corporation at the firm's annual shareholder meeting in St. Paul, MN.
WHEN: TODAY, May 7th, 10:30 am ET
WHERE: Telephone press conference – dial in at 1 (800) 894-5910, Conference ID: 3M
- Bill de Blasio, Public Advocate for the City of New York & Trustee of the New York City Employees Retirement System
- Shelley Alpern, Trillium Asset Management
- Lisa Gilbert, Public Citizen – Co Chair Corporate Reform Coalition, 99 Power
- Forrest Mcknight, Carlton College Student Endowment Advisory Fund
- Mike Dean, Common Cause Minnesota
WHAT: 3M ranks in the bottom tier of the S&P100 on corporate disclosure and accountability in political spending, according to the CPA-Zicklin index. Trillium Asset Management has filed a shareholder resolution on 3M's ballot asking that the corporation refrain from political spending. The New York City Employee Retirement System consistently supports shareholder resolutions calling for comprehensive disclosure of political spending practices. The Carlton College Student Endowment Advisory Fund is supporting a resolution for better disclosure of lobbying expenditures. Common Cause and Public Citizen– members of the Corporate Reform Coalition and 99 power movement, which is engaging corporate leadership on a host of reform issues during the "shareholder spring", are planning a rally outside the shareholder meeting to support reform of political spending practices.
Common Cause Contact:
Mary Boyle, 202-736-5770
Public Advocate de Blasio Contact:
Wiley Norvell, 212-669-4813