Bill de Blasio Joins Major Shareholders to Demand that 3M Address Problems with Political Spending

  Bill de Blasio Joins Major Shareholders to Demand that 3M Address Problems
  with Political Spending

NY City Public Advocate & pension fund trustee Bill de Blasio, Trillium Asset
 Management, institutional investors, democracyorganizations to detail plans
 for rally and press conference outside 3Mshareholder meeting in St. Paul, MN

 Telephone PressConference TODAY, 5/7 at 10:30 AM -- Phone: 1 (800) 894-5910
                                    ID: 3M

Business Wire

WASHINGTON -- May 07, 2012

New York City Public Advocate Bill de Blasio, a trustee of the $40 billion New
York City pension fund, Boston-based investment firm Trillium Asset
Management, Common Cause and other advocacy organizations part of the
Corporate Reform Coalition will hold a telephone press conference detailing
plans for protesting the political spending policies of the Minnesota based 3M
Corporation at the firm’s annual shareholder meeting in St. Paul, MN.

WHEN: TODAY, May 7th, 10:30 am ET

WHERE: Telephone press conference – dial in at 1 (800) 894-5910, Conference
ID: 3M

WHO:

  *Bill de Blasio, Public Advocate for the City of New York & Trustee of the
    New York City Employees Retirement System
  *Shelley Alpern, Trillium Asset Management
  *Lisa Gilbert, Public Citizen – Co Chair Corporate Reform Coalition, 99
    Power
  *Forrest Mcknight, Carlton College Student Endowment Advisory Fund
  *Mike Dean, Common Cause Minnesota

WHAT: 3M ranks in the bottom tier of the S&P100 on corporate disclosure and
accountability in political spending, according to the CPA-Zicklin index.
Trillium Asset Management has filed a shareholder resolution on 3M's ballot
asking that the corporation refrain from political spending. The New York City
Employee Retirement System consistently supports shareholder resolutions
calling for comprehensive disclosure of political spending practices. The
Carlton College Student Endowment Advisory Fund is supporting a resolution for
better disclosure of lobbying expenditures. Common Cause and Public Citizen–
members of the Corporate Reform Coalition and 99 power movement, which is
engaging corporate leadership on a host of reform issues during the
“shareholder spring”, are planning a rally outside the shareholder meeting to
support reform of political spending practices.

Contact:

Common Cause Contact:
Mary Boyle, 202-736-5770
or
Public Advocate de Blasio Contact:
Wiley Norvell, 212-669-4813
 
Press spacebar to pause and continue. Press esc to stop.