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The short explanation of this alert was:

A recent investigative report shows that mutual funds rubber stamp excessive CEO pay. For years, mutual fund boards have been run by insiders motivated by generating expensive fees and cozying up to companies that buy their lucrative pension products. These mutual funds don’t challenge CEO pay because they don’t want to alienate a business opportunity—no matter what it costs their shareholders.

Act now and send the following message to Securities and Exchange Commission Chairman Christopher Cox. Tell him to support an independent chairperson and independent directors on mutual fund boards.



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