CalPERS vs. Weill, Round One

The pension fund couldn't boot him from Citi's board this time, but it vows to fight on. With performance strong, does it have a chance?

A Citigroup without Sandy Weill on the board? So far, despite heavy lobbying from some prominent shareholder activists, it's still unthinkable. At the annual shareholder meeting on Apr. 20, all the company's proposed nominees were elected with no less than 94% of votes. That includes Weill, who will retain the chairman's seat.

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