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The short explanation of this alert was:

Mutual funds are supposed to protect their shareholders – but some of the top mutual funds in the country seem to misunderstand that fact. For years, they’ve voted over and over again to support outrageous CEO compensation packages at shareholder meetings.

In fact, AFSCME just released a groundbreaking study that shows mutual funds vote for stratospheric CEO pay as much as 94.7 percent of the time. CEO compensation averaged nearly $12 million last year, or more than 431 times that of an average worker.

Tell mutual funds that they need to stop being a rubber stamp for executive pay that picks the pockets of shareholders and workers.

Click the button below to send a message to the heads of Morgan Stanley and AIM, two of the biggest mutual funds and worst offenders. Tell them we won’t stand by while they approve higher and more outrageous pay for CEOs at the expense of shareholders.



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