Los Angeles Times: CalPERS Puts Shell, Disney on Focus List
From Bloomberg News
June 10, 2004
The California Public Employees’ Retirement System targeted Walt Disney Co., Royal Dutch Shell Petroleum Co. and two other firms to be the focus of the pension fund’s corporate-governance campaign this year.
CalPERS, the biggest U.S. pension fund, wants Disney, Shell, Emerson Electric Co. and Maytag Corp. to make changes to their boards and to improve their stock performance. The system picks as many as 10 companies each year for its Focus List, based on performance, corporate governance and other factors, CalPERS said.
“Corporate governance reforms are needed for these companies to restore long-term profitability and investor confidence,” CalPERS President Sean Harrigan said.
Companies named to the Focus List from 1992 to 2001 saw their stocks rise 46% on average a year later, CalPERS said.
Last year, CalPERS cited Xerox Corp., JDS Uniphase Corp. and Manugistics Group Inc. Xerox gained 28% over the last 12 months, JDS lost 17% and Manugistics lost 29%.
CalPERS uses a formula to measure a company’s net operating profit after tax, minus its cost of capital. The pension fund says that by using the formula and companies’ stock performance, it can find cases in which poor performance is indicative of underlying financial problems, as opposed to industry factors.
Burbank-based Disney made the list because of a tug of war over its management. The company’s shares are up 21% over the last 12 months.
A Disney spokesman declined to comment. CalPERS owns 9.4 million shares, or 0.46%, of Disney stock outstanding.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
