Amid claims of “a historic breach of fiduciary duty,” by some of Wall Street’s top firms, state treasurers issued a letter last week to 20 of America’s largest asset managers, demanding an accounting of how they have voted the state employees’ corporate shares that they control.
In a May 15 Wall Street Journal op-ed, the letter’s authors, Utah Treasurer Marlo Oaks and Oklahoma Treasurer Todd Russ wrote that “many American workers don’t realize that their hard-earned money is being used against them.
