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Shifting the balance of power-by proxy

Mar 16, 2015 - Crain's Chicago Business

Is Sam Zell ready for reform?

We'll find out when the billionaire investor responds to a proposal that would give outside shareholders more power in board elections at one of his companies. Equity Residential, the largest publicly traded apartment landlord in the country, has been caught up in a nationwide campaign to loosen management control of boardrooms at public companies. Exelon and CF Industries are the other local companies among the 75 to get "proxy access" proposals from New York...