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12/15/2004

OPENING UP HALLIBURTON

The AFSCME Pension Fund and the Connecticut Retirement Plans and Trust Funds jointly filed a resolution to give shareholders the right to ­nominate directors at the Halliburton Corp. Directors now are nominated and elected in a closed system, with incumbent board members determining whom to nominate. Such internal procedures have produced the worst of corporate America—cooking the books, doing business with terrorist states and ­cutting deals of questionable legality with oppressive regimes around the world, said AFSCME President Gerald W. McEntee, who chairs the union’s pension fund.

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