Information for Current Citigroup Shareholders Regarding Trillium's Shareholder Engagement
In the autumn of 2012, Trillium Asset Management LLC, on behalf of the Benedictine Sisters of Mount St. Scholastica, along with the AFSCME Employees Pension Plan filed a shareholder proposal with Citigroup Inc. (NYSE: C) asking the company’s board of directors to explore a possible separation of one or more of its business units. Despite some positive steps taken since the start of the financial crisis, we believe Citigroup’s progress toward simplifying and de-risking its business has been slow and incomplete. Citigroup boasts many attractive attributes, but remains burdened by excessive complexity, as well as the stigma and risks associated …
Matt Patsky Appears on CNBC to Discuss Citigroup’s Earnings and Trillium’s Shareholder Engagement with the Bank
Trillium’s CEO, Matt Patsky, was a guest on CNBC’s Squawk on the Street with Carl Quintanilla on January 17th. Matt discussed Citgroup’s (NYSE: C) disappointing earnings report and why the bank needs to explore restructuring to realize “greater value for the shareholder”. In the autumn of 2012, Trillium, on behalf of the Benedictine Sisters of Mount St. Scholastica, along with the AFSCME Employees Pension Plan filed a shareholder proposal with Citigroup asking the company’s board of directors to explore a possible separation of one or more of its business units. “We think that the company is not just ‘too big …
Matt Patsky Appears on CNBC, Bloomberg TV, and Fox Business to Discuss Citigroup Proposal
Trillium Asset Management LLC, on behalf of the Benedictine Sisters of Mount St. Scholastica, along with the AFSCME Employees Pension Plan recently filed a shareholder proposal with Citigroup Inc. (NYSE: C) asking the company’s board of directors to explore a possible separation of one or more of its business units. Citigroup’s shares have consistently traded below book value since late 2008, it failed the Federal Reserve’s CCAR stress tests in March 2012, and regulators continue to forbid it from returning significant capital to stockholders due to concerns over its financial stability. “Despite some positive steps taken since the start of …
Shareholders Ask Citigroup Board to Explore Structural Changes
BOSTON, MA, NOVEMBER 14, 2012: Trillium Asset Management LLC, on behalf of the Benedictine Sisters of Mount St. Scholastica, along with the AFSCME Employees Pension Plan recently filed a shareholder proposal with Citigroup Inc. (NYSE: C) asking the company’s board of directors to explore a possible separation of one or more of its business units. Citigroup’s shares have consistently traded below book value since late 2008, it failed the Federal Reserve’s CCAR stress tests in March 2012, and regulators continue to forbid it from returning significant capital to stockholders due to concerns over its financial stability. “Despite some positive steps …
Citigroup Inc. – Say on Pay (2009)
RESOLVED The stockholders of Citigroup Inc. (“Citigroup”) request the board of directors to adopt a policy that provides shareholders the opportunity at each annual shareholder meeting to vote on an advisory resolution, proposed by management, to ratify the compensation of the named executive officers (“NEOs”) set forth in the proxy statement’s Summary Compensation Table (the “SCT”) and the accompanying narrative disclosure of material factors provided to understand the SCT (but not the Compensation Discussion and Analysis). The proposal submitted to stockholders should make clear that the vote is non-binding and would not affect any compensation paid or awarded to any NEO. …
Shareholder Proposal on Sudan Presented at JP Morgan Chase Stockholder Meeting
Statement at JP Morgan Chase Stockholder Meeting in Support of Resolution No. 10 Concerning Human Rights Policies May 20, 2008 Good morning, Mr. Chairman, Board of Directors & my fellow shareholders. I am presenting this proposal on behalf of Trillium Asset Management Corporation, the Calvert Group, Amnesty International and the General Board of Pensions and Health Benefits of the United Methodist Church. [The proposal received 7.5% support from fellow shareholders.] Resolution No. 10 calls for a report to shareowners discussing how our investment policies address or could address human rights issues, with a view toward adding appropriate policies and …
Citigroup Inc. – Say on Pay (2008)
RESOLVED The stockholders of Citigroup Inc. (“Citigroup”) request the board of directors to adopt a policy that provides shareholders the opportunity at each annual shareholder meeting to vote on an advisory resolution, proposed by management, to ratify the compensation of the named executive officers (“NEOs”) set forth in the proxy statement’s Summary Compensation Table (the “SCT”) and the accompanying narrative disclosure of material factors provided to understand the SCT (but not the Compensation Discussion and Analysis). The proposal submitted to stockholders should make clear that the vote is non-binding and would not affect any compensation paid or awarded to any NEO. …
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