Corporate Moves
NYC Comptroller Calls for AT&T Shareholders to Vote for Equal Opportunity Disclosure
The telecommunications giant stated that EEO-1 reports ‘do not meaningfully reflect’ its organizational structure.
Tag: New York City Comptroller’s Office
Newsmakers
Monte Tarbox Named Permanent CIO of $316B NYC Retirement System
Tarbox had served in an interim role since January, following the departure of CIO Stephen Meier.
Newsmakers
Mark Levine’s Priorities at the NYC Pension System
The New York City Comptroller aims to increase investments in affordable housing and continue the office’s sustainability initiatives.
Newsmakers
NYC Pension Systems Name Valerie Red-Horse Mohl as Deputy CIO
In charge of responsible investing at the $279 billion systems, Red-Horse Mohl will oversee diverse and emerging manager programs; ESG investing; and targeted investment programs.
Pensions
Voting Support for NYC Pension Proxy Proposals Continues to Wane
Only 21% of proposals that went to a vote were supported by shareholders, down from 35% in 2022.
Pensions
NYC Pensions Oppose Tesla Executive Pay Package
New York City Comptroller Brad Lander and seven other investment firms oppose Elon Musk’s proposed $56 billion pay package.
Manager Selection
NYC Pensions Increase Allocation to Emerging Managers Following Outperformance
Minority- and women-owned managers have beaten the city’s pension funds’ benchmarks in all asset classes since 2015.
Newsmakers
NYC Pension Funds Sued for Divesting $4 Billion in Fossil-Fuel Assets
The complaint alleges breach of fiduciary duty in ‘misguided and ineffectual gesture to address climate change.’
Market Moves
NYC Pension Funds File Board Diversity Proposals at 4 Firms
The city’s comptroller calls for disclosure of board members’ race and gender at Capital One, Las Vegas Sands, NextEra Energy and Caesars.