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Stock Market & Financial Investment News

News Breaks
January 21, 2014
07:09 EDTCWHCorvex and Related demand governance changes at CommonWealth REIT
In a letter sent to the Trustees of CommonWealth REIT, Corvex Management and Related Fund Management said, "Your recent announcements come after tens of millions of dollars of shareholders' money have been wasted by you over the last year on appalling tactics aimed at denying shareholders the right to elect their trustees, a right that is plainly written in the company's charter... As shareholders get close to having the opportunity to elect a new independent Board, they deserve clarity surrounding the governance of their company."
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