Facebook Governance Concern for California Pension Fund

Facebook‘s corporate governance rules, which give shareholders little say in how the social networking website would be run as a public company, are a cause for concern for US investor, the California State Teachers’ Retirement System, writes Reuters. The pension fund, which has a portfolio valued at around $145 billion, is planning to send a […]

Investors Push for Sale of Charles River Laboratories

Relational Investors and the California State Teachers’ Retirement System are pushing Charles River Laboratories to put itself up for sale, Reuters reported, citing an article in the Wall Street Journal. The two groups hold a 6.1% combined stake in that clinical research company. The Wall Street Journal reported that Charles River Laboratories – which has two main segments: preclinical services, and research models and services – could draw interest from private equity investors.

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