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Jump to full article: Business Week, 2010-01-28
Author: Mark Drajem
Intro: Jan. 28 (Bloomberg) -- New York City pension funds are pressing as many as 15 companies including Bank of America Corp. and Humana Inc. to disclose campaign contributions as the U.S. Supreme Court ends a ban on corporate political spending.
The city's public advocate, Bill de Blasio, is encouraging other pension funds to follow New York's lead and file investor proxy resolutions calling for companies to report their campaign contributions and political spending. Five city pension funds had already submitted resolutions with the companies ahead of last week's Supreme Court decision, de Blasio said in a statement yesterday. . . .
The New York City Comptroller's office withdrew a proxy resolution for one of the 15 companies, Altria Group Inc., after "productive conversations" with executives at the tobacco producer, according to a company spokesman, Bill Phelps.
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