Notice of 2020 Annual Meeting and Proxy Statement
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It Doesn't Have to Be This Way: Obamacare's Troubling Reality
It Doesn’t Have to be This Way: Obamacare’s Troubling Reality Every day Americans are confronted with more bad news about Obamacare. Insurers are leaving the ACA marketplaces, premiums continue to increase, and fewer people are enrolling, which will likely lead to more premium increases. Lawmakers must act because the American people deserve better. Insurers Dropping Out CNBC: Anthem will drop out of Ohio's Obamacare market; 18 counties could be left with no ACA plan Alleigh Marré, spokeswoman for the U.S. Department of Health and Human Services, said “This news is heartbreaking for the millions of Ohioans who depend on access to affordable, high-quality healthcare, and this is a stark reminder that Obamacare is collapsing.” Times Free Press: Most of Tennessee will have only one insurer under Obamacare in 2018 Tennessee Insurance Commissioner Julie Mix McPeak said … "the market remains challenged as most Tennessee consumers will still face limited options and increasing premium prices. WTHR: Anthem, MDwise Pulling Out of Indiana’s Obamacare Exchange in 2018 Both companies cited a “volatile” marketplace filled with “growing uncertainty.” So what’s causing this uncertainty? In one word, Obamacare. The flawed design of Obamacare itself, particularly the flawed individual mandate and the instability of the Cost Sharing Reduction subsidies, written and implemented by Democrats, are causing the volatile marketplace. Declining Enrollment Politico: Nearly 2M Fell Off Obamacare Coverage Rolls Through Mid-March CMS said high costs and lack of affordability were the most common factors individuals cited when asked why they didn't keep their coverage. Obamacare’s actual enrollment has failed to meet projections every single year. -
Representative Financial Services M&A Transactions
Representative Financial Services M&A Transactions Asset Management • Hellman & Friedman. Representing Hellman & Friedman in connection with its acquisition of Allfunds Bank S.A., a Spanish bank that offers intermediation and investment services to commercial banks, private banking institutions, fund managers, insurance companies and fund supermarkets. • Ramius, LLC. Represented Ramius, LLC, in its sale of Ramius Alternative Solutions to AllianceBernstein. • Landmark Partners. Represented Landmark Partners in the $465 million sale to OM Asset Management, a privately owned asset management holding company. • State Street Bank and Trust Company. Represented State Street Bank and Trust Company in the acquisition of GE Asset Management (GEAM), a privately owned investment manager. • Mitsubishi UFJ Investor Services. Represented Mitsubishi UFJ Investors Services in its acquisition of UBS Global Asset Management’s Alternative Fund Services Business, a company that offers professional services for hedge funds, funds of hedge funds, private equity, and real estate structures. • Mitsubishi UFJ Fund Services Holdings Ltd. Represented Mitsubishi UFJ Fund Services Holdings Ltd., an asset administration company, in its acquisition of Meridian Fund Services Group. • Bain Capital. Represented the global credit affiliate of Bain Capital in its $1.6 billion acquisition of four portfolios of collateralized loan obligations (CLOs) from Regiment Capital. • Wellington Management Company. Represented Wellington Management Company, a privately owned investment manager, in its $85 million PIPE investment in ChinaCache International Holdings Ltd., a provider of content and application delivery services in the People’s Republic of China. • 3i Group. Represented 3i Group in its strategic transaction with Fraser Sullivan, a privately owned investment manager. • Special Committee of Cole Credit Property Trust II Inc. -
Fact Sheet:State Street Aggregate Bond Index Fund, Jun2021
State Street Aggregate Bond Index Fund - Class K Fixed Income 30 June 2021 Fund Objective Total Return The State Street Aggregate Bond Index Fund (the "Fund") seeks to provide Bloomberg Barclays investment results that, before fees and expenses, correspond generally U.S. Aggregate to the price and yield performance of an index that tracks the U.S. dollar Cumulative Fund at NAV Bond Index denominated investment grade bond market over the long term. QTD 1.80% 1.83% Process YTD -1.77 -1.60 The Fund seeks to achieve its investment objective by investing Annualized substantially all of its investable assets in the Aggregate Bond Index 1 Year -0.56 -0.33 Portfolio, which has substantially similar investment policies to the Fund 3 Year 5.31 5.34 when the Fund invests in this “master-feeder” structure, the Fund’s only 5 Year 2.88 3.03 investments are shares of the Portfolio and it participates in the investment returns achieved by the Portfolio. Under normal circumstances, at least Since Fund Inception 3.27 3.40 80% of the Fund's net assets will be invested (either on its own or as a part of a master/feeder structure) in securities comprising the Bloomberg Barclays U.S. Aggregate Bond Index (the "Index") or in securities that Gross Expense Ratio 0.215% SSGA Funds Management, Inc. (the “Adviser”) determines have economic Net Expense Ratio^ 0.025% characteristics that are comparable to the economic characteristics of 30 Day SEC Yield 2.04% securities that comprise the Index. The Fund is not managed according 30 Day SEC Yield (Unsubsidized) 1.94% to traditional methods of "active" investment management, which involve the buying and selling of securities based upon economic, financial Maximum Sales Charge - and market analysis and investment judgment. -
1 Bloomberg Philanthropies Announces 2017 Mayors Challenge Selection Committee Co-Chaired by Former Ambassador Caroline Kennedy
Bloomberg Philanthropies Announces 2017 Mayors Challenge Selection Committee Co-Chaired by Former Ambassador Caroline Kennedy and Former Xerox Chairman & CEO Ursula Burns 4th Mayors Challenge Will Invest $17.5 Million in American Cities to Test and Implement Innovative Solutions to Urgent Local Issues Applications From More Than 320 Cities Reveal Common Challenges Related to Opioid Crisis, Job Growth, and Resident Engagement NEW YORK, November 29, 2017 – Bloomberg Philanthropies today announced the selection committee for the 2017 U.S. Mayors Challenge, a nationwide competition that encourages city leaders to think big, be bold, and uncover inventive ideas that confront the toughest problems U.S. cities currently face. More than 320 cities are taking part in this year’s competition, the fourth Mayors Challenge Bloomberg Philanthropies has held since 2013. Former U.S. Ambassador Caroline Kennedy and Former Xerox Chairman and CEO Ursula Burns will co-chair the selection committee, which is comprised of distinguished policy experts, artists, academics, business executives and social innovation leaders, that will choose the winning cities. “We’re glad to have such a dynamic set of experts from around the United States making up this committee. Determining the winning ideas won’t be easy, but I know this group will help us ensure a successful competition,” said Michael R. Bloomberg, founder of Bloomberg Philanthropies and three- term Mayor of New York City. The Mayors Challenge returns to the U.S. as the first investment in the American Cities Initiative, a suite of new and expanded programs from Bloomberg Philanthropies to strengthen cities. The 2017 edition of the U.S. -
2018 Board of Trustees
BOARD OF TRUSTEES BIOGRAPHIES BIOGRAPHIES2018 - 1 SAM DI PIAZZA CHAIR, BOARD OF TRUSTEES UNIVERSITY OF ALABAMA; UNIVERSITY OF HOUSTON BOARD MEMBER SINCE 2010 Mr. Di Piazza is the retired global CEO of PwC. He held multiple leadership positions during his 36- year career at the company, including chairman and senior partner and member, Global Leadership Team. He also served as vice chairman, Global Corporate and Investment Bank for Citigroup, Inc. Mr. Di Piazza is a recipient of the Ellis Island Medal of Honor and the INROADS Leadership Award. He is an internationally recognized author and commentator in fields such as corporate reporting, transparency, anti-corruption and sustainable development. He serves as a member of the board of directors of AT&T, Jones Lang LaSalle, Inc., ProAssurance, Inc., the UN Global Compact, and Regions Financial Corporation. Mr. Di Piazza is a member of the board of trustees of St. Patrick’s Cathedral, the Inner-City Scholarship Fund of New York, the National September 11 Memorial and Museum, The Partnership for Inner-City Education and Seton Education Partners. He serves as a global counselor to The Conference Board. 2 - BIOGRAPHIES JOHN H. NOSEWORTHY, M.D. PRESIDENT & CEO, MAYO CLINIC DALHOUSIE UNIVERSITY; ROYAL COLLEGE OF PHYSICIANS AND SURGEONS OF CANADA; UNIVERSITY OF WESTERN ONTARIO; HARVARD MEDICAL SCHOOL BOARD MEMBER SINCE 2009 John H. Noseworthy, M.D., president and CEO, Mayo Clinic, leads one of the largest not-for-profit, academic health systems in the U.S. with $11 billion in annual revenues and 63,000 employees. With a focus on caring for patients with serious, complex illnesses, Mayo Clinic operates in five states and cares for more than a million people a year, from all 50 states and nearly 140 countries. -
Stewardship Activity Report: Q2 2017
Stewardship Activity Report Q2 2017 Figure 1: Vote Summary H1 2017 This report provides an overview of the 2017 proxy seasons Number of Meetings Voted 12,608 in the US, UK and Japan markets and highlights SSGA’s stewardship activities, proxy voting and engagement, on Number of Countries 81 material environmental, social and governance (ESG) topics. Management Proposals 123,572 Votes For (%) 87.3 Votes Against (%) 12.7 Thematic Focus — Cross Shareholder Proposals 3,446 Regional Engagements 92.7 With Management (%) Gender Diversity — Fearless Girl 1 Against Management (%) 7.3 In March 2017, SSGA launched its Fearless Girl campaign that 1 Votes Against Management are calculated as For + Abstain. All proposal statistics was supported by our call to action on companies to improve exclude Do Not Vote instructions. board quality by enhancing diversity on boards. In Q2 2017, we sent letters to over 600 companies in the US, UK and Figure 2: Breakdown of Voting by Region H1 2017 Australia that we identified as lacking a single woman on the board. In the letter we informed companies of our expectations Australia with regards to diversity on boards and offered to engage with 1% RW 37% companies on this matter. We made clear that our preferred United Kingdom 4% approach to drive greater board diversity is through an active dialogue and engagement with companies. However, we Japan 12% clarified that in the event that companies fails to take action to increase the number of women on their boards, we will use Europe North America our proxy voting power to effect change — voting against the 13% 33% Chair of the board’s nominating and/or governance committee if necessary. -
Fall Forum 2018 September 16 – 18 Four Seasons Hotel Baltimore, MD
Fall Forum 2018 September 16 – 18 Four Seasons Hotel Baltimore, MD AGENDA AT A GLANCE DRESS CODE FOR SUNDAY IS CASUAL AND MONDAY AND TUESDAY IS BUSINESS CASUAL. ALL TIMES AND SESSIONS ARE TENTATIVE AND SUBJECT TO CHANGE. Sunday, September 16, 2018 Time Meeting Room Floor 2:00 – 5:00 PM Board of Directors Meeting Azure 2nd Limited to Board of Directors only. 3:45 – 4:45 PM Co-Chair Meeting Grand Ballroom B 2nd Limited to Co-Chairs only. 5:00 – 6:00 PM Board of Directors & Co-Chair Meeting Grand Ballroom B 2nd Limited to Board of Directors and Co-Chairs only. 6:00 – 7:00 PM Cocktail Reception Splash Terrace – 4th weather permitting Grand Ballroom A – 2nd alternate Monday, September 17, 2018 Time Meeting Room Floor 8:00 – 9:00 AM Breakfast & New Member/First Time Attendee Grand Ballroom B 2nd Orientation 9:00 – 11:00 AM General Session Grand Ballroom A 2nd • Update from the Chair Erica Borghi, Brown Brothers Harriman & Co. • Security Aspects for Digital Currencies: ISO Standards Edward Scheidt, ANSI X9 Financial Standards Today, many use digital platforms for payments and transactions. Standards offer an international compromise and acceptance. As the International Standards Organization (ISO) advance digital use cases with currencies, security becomes the differentiation among the world bodies. Security technologies, policies, and innovations are needed to ensure Trust. • Modernizing the U.S. Equity Post-Trade Infrastructure & Settlement Optimization John Abel, DTCC John Abel, Executive Director DTCC Settlement Services, will discuss how DTCC is exploring several ways to further shorten the trade settlement cycle beyond T+2 and introduce new operational and capital efficiencies to the NSCC and DTC transactional workflows. -
CONVERSATIONS with MIKE MILKEN Ursula M. Burns
CONVERSATIONS WITH MIKE MILKEN Ursula M. Burns Former Chairman and CEO, VEON; Former Chairman and CEO, Xerox July 17, 2020* Mike Milken: Ursula. Thank you for joining me today. It's a privilege to be able to visit with you. Ursula Burns: I'm really happy to be here. And I'm happy to finally actually get to talk to you. Growing up in New York City to a single mother who came from Panama, going to an all-girls school, as you think back today, how did those early years affect you as you look at the world today? I think that it's impossible for me to imagine myself without thinking about where I grew up, the circumstances that I grew up in. They are the foundation of everything that I am; all the good and all of the bad. When it came time for us to go to school, my mother had a couple of choices. One was to go to the neighborhood school, which was PS 118 in lower east side of Manhattan, or Catholic schools run by the Catholic church. Generally low tuition, you have to pay to go, but it wasn't anywhere near as expensive as private school. And in those two choices, it seems like the most obvious for my mother would have been to send us to a public school because she had no money at all. But if you saw the public school, knew the This interview has been lightly edited for clarity and readability. 1 Conversations with Mike Milken: Ursula M. -
Open PDF File, 8.71 MB, for February 01, 2017 Appendix In
Case 4:16-cv-00469-K Document 175 Filed 02/01/17 Page 1 of 10 PageID 5923 IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF TEXAS FORT WORTH DIVISION EXXON MOBIL CORPORATION, § § Plaintiff, § v. § No. 4:16-CV-469-K § ERIC TRADD SCHNEIDERMAN, § Attorney General of New York, in his § official capacity, and MAURA TRACY § HEALEY, Attorney General of § Massachusetts, in her official capacity, § § Defendants. § APPENDIX IN SUPPORT OF EXXON MOBIL CORPORATION’S BRIEF IN SUPPORT OF THIS COURT’S PERSONAL JURISDICTION OVER THE DEFENDANTS Exhibit Description Page(s) N/A Declaration of Justin Anderson (Feb. 1, 2017) v – ix A Transcript of the AGs United for Clean Power App. 1 –App. 21 Press Conference, held on March 29, 2016, which was prepared by counsel based on a video recording of the event. The video recording is available at http://www.ag.ny.gov/press- release/ag-schneiderman-former-vice-president- al-gore-and-coalition-attorneys-general-across B E-mail from Wendy Morgan, Chief of Public App. 22 – App. 32 Protection, Office of the Vermont Attorney General to Michael Meade, Director, Intergovernmental Affairs Bureau, Office of the New York Attorney General (Mar. 18, 2016, 6:06 PM) C Union of Concerned Scientists, Peter Frumhoff, App. 33 – App. 37 http://www.ucsusa.org/about/staff/staff/peter- frumhoff.html#.WI-OaVMrLcs (last visited Jan. 20, 2017, 2:05 PM) Case 4:16-cv-00469-K Document 175 Filed 02/01/17 Page 2 of 10 PageID 5924 Exhibit Description Page(s) D Union of Concerned Scientists, Smoke, Mirrors & App. -
Overview of Available Benefits - Supplemental 2
Overview of Available Benefits - Supplemental 2 BIBM benefits Your health. Your wealth. Our partnership: The benefits of working at IBM IBM offers a competitive benefits program, designed to help employees build a solid financial foundation for meeting a diverse array of needs — health care, income protection, retirement security, and personal interests. Supplemental 2 employees are eligible for the following plans and programs which address health care and savings and are described briefly below: Medical, dental, vision, flexible spending accounts, IBM 401(k) Plus Plan and Employees Stock Purchase Plan. Supplemental 2 employees are also eligible for time off and other benefits and services as outlined below. Please contact the IBM Benefits Center-Provided by Fidelity to obtain estimated annual cost for the medical options available in your zip code. BYou are eligible ...for these benefit programs, with the exception of the IBM Employees Stock Purchase Plan, beginning with your first day of employment. Health care coverage (medical, dental and vision) is available for you, your spouse/partner (some health plans may not offer coverage for partners), and eligible children and other dependents (documentation supporting eligibility is required). IBM provides a range of options, to allow employees to design a personalized program that meets their personal or family circumstances. You are covered for pre-existing conditions under IBM's health plans. Medical Benefits options IBM's medical options include the IBM Preferred Provider Organization (PPO), IBM PPO Plus, IBM PPO with Health Savings Account (HSA), IBM Enhanced PPO with Health Savings Account (HSA), the IBM Exclusive Provider Organization (EPO), and health maintenance organizations (HMOs), where available. -
The Fear Profiteers
THE FEAR PROFITEERS: Do ‘Socially Responsible’ Businesses Sow Health Scares to Reap Monetary Rewards? Edited by Bonner Cohen, Ph.D. John Carlisle Michael Fumento Michael Gough, Ph.D. Henry Miller, M.D. Steven Milloy Kenneth Smith Elizabeth Whelan, Sc.D., M.P.H. Hundreds of thousands of deaths a year from smoking is old hat, but possible death by toxic waste, now that’s exciting. The problem is, such presentations distort the ability of viewers to engage in accurate risk assessment. The average viewer who watches story after story on the latest alleged environmental terror can hardly be blamed for coming to the conclusion that cigarettes are a small problem compared with the hazards of parts per quadrillion of dioxin in the air, or for concluding that the drinking of alcohol, a known cause of birth weight and cancer, is a small problem compared with the possibility of eating quantities of Alar almost too small to measure. This in turn results in pressure on the bureaucrats and politicians to wage war against tiny or nonexistent threats. The “war” gets more coverage as these politicians and bureaucrats thunder that the planet could not possibly survive without their intervention, and the vicious cycle goes on. ––Michael Fumento, Science Under Siege CONTENTS EXECUTIVE SUMMARY ..................................................................................... i-iii PREFACE.................................................................................................................I-III ACCIDENTALLY POISONOUS APPLES: Does Everything Cause -
Teneo, the Ford Foundation and the Executive Leadership Council Launch the Board Diversity Action Alliance
TENEO, THE FORD FOUNDATION AND THE EXECUTIVE LEADERSHIP COUNCIL LAUNCH THE BOARD DIVERSITY ACTION ALLIANCE Taking action to increase the representation of racially and ethnically diverse directors on corporate boards of directors Led by Ursula Burns and Gabrielle Sulzberger September 8, 2020 – New York City – Ursula Burns, Gabrielle Sulzberger, the global CEO advisory firm Teneo, the Ford Foundation, the Executive Leadership Council, and a group of founding signatories today announced the launch of Board Diversity Action Alliance, a business-led initiative taking action to increase the representation of racially and ethnically diverse directors on corporate boards of directors, beginning with Black directors. Corporate diversity and board diversity go hand in hand – leadership starts at the top. To best serve the broader stakeholder community, companies need to understand their employees’ communities, have a clear point of view and set a purposeful course of action. By joining the alliance, signatories voluntarily commit to accelerate change by supporting a concerted enterprise transformation approach to diversity by integrating talent, accountability and engagement. Specific signatory commitments include: • Increasing the number of Black directors on the board of directors to one or more; • Disclosing of the self-identified race and ethnicity of directors on corporate boards; • Reporting on Diversity, Equity and Inclusion measures on an annual basis. Founding signatories include Dow, Macy’s, Mastercard, PNC, UPS, WW The Board Diversity Action Alliance will lead the focused and aligned effort to quantify, convene and amplify the work being done by building partnerships with the corporate and non-profit community to increase awareness and expand influence. Visit www.boarddiversityactionalliance.com to learn more.