Mutual Funds

In brief: Study tracks mutual-fund companies’ responses to shareholder proposals

August 7th, 2008 Subscribe To Our Feed

Funds show teeth

Mutual-fund companies voted in favor of nearly 40 percent of shareholder proposals, according to a study by the Investment Company Institute of more than 3.5 million proxy votes made by 160 of the largest fund companies in the 12 months that ended June 30.
At the same time, company boards opposed more than 99 percent of those same proposals, a clear indication that funds are paying more attention to shareholder concerns.
Money in numbers
The average salary of corporate accountants increased 7 percent in 2007 to $101,805, according to a survey by the Institute of Management Accountants.
Also of note: Corporate accountants with a certification such as CPA earned about 25 percent more on average ($108,852) than those without one.
An Olympic record
NBC Universal will devote 3,600 hours of TV coverage to the Summer Olympics in Beijing. That averages out to 212 hours each day to be provided through a number of different channels and the Internet.
The previous 12 Summer Olympics — from the 1960 games in Rome through Athens in 2004 — produced a total of 2,565 hours of TV coverage.

| Star news services