Tenth "official" TIAA-CREF (TC) Coalition Update --mainly for TC participants with an interest in social responsibility

Here are two pieces to keep you up to date. First is a report about the specific campaign seeking for TC to invest in institutions seeking real positive social change (updates bi-weekly if you want). It highlights some recent progress, notes the upcoming annual TC meeting and perhaps your involvement, and one other success on a different issue. The second piece is just a draft (PLEASE DON”T CIRCLATE) of part of an announcement that will soon go out widely about the annual meeting (including to you)... Finally, go to the below link to see what TC participants see about the annual meeting. See; e.g., the five shareholder resolutions that are related to social responsibility! TC participants please vote appropriately if you haven’t and urge your colleagues in TC to do the same. THANKS http://www.tiaa-cref.org/voting/cref/index.html Hello TC Campaign Supporters: We are happy to report that we have continued to talk with TIAA-CREF reps via one channel or another, and it seems that things are generally moving along in strengthening TC's socially responsible investments and policies (with different levels of progress depending on the specific changes we are asking for). Nothing concrete has happened yet, so we will, of course, carry on with our efforts. However, given the progress made so far, we are taking a more positive approach by praising TC's cooperation in talking with media and others regarding our efforts. We will be monitoring what happens and move appropriately—and will keep you informed about that. The larger TC coalition, of which we are a part, will move ahead with its agenda. The next annual meeting of TIAA-CREF is June 15, in Charlotte, NC. It has been moved up to the summer so that TC’s meetings are more in sync with most annual meetings, which are in the spring or summer. We will have more info later on the meeting and events surrounding it. But, as usual, if you can't come, please let us know if you are willing to designate that someone connected with our campaign can go in your place as your representative to express views on social responsibility. It's pretty easy to do, requiring just a little paper work. (If you did so for last meeting, we will be contacting you anyway.) Just a brief mention that one of our colleagues had filed a shareholder resolution for the upcoming annual meeting asking TC to institute a policy preventing the same person from holding both the positions of Chairman and CEO. Since that time, TC decided to make that change and the proposal was withdrawn! (Some ambiguity remains on this issue, but it does look like progress.). Though there is more work to be done regarding both social responsibility and corporate governance, we do applaud TC for making moves in the right direction.

URGE PENSION GIANT TIAA-CREF TO INVEST IN SOCIALLY RESPONSIBLE WAYS Raising Voices at their annual shareholder meeting in Charlotte, NC; 2 PM, Tuesday June 15 Demonstration outside their corporate office in New York City, 11:30 AM —1:30 PM; June 15 Call-ins and emails to their CEO; June 8-15 Call for the influential $300 billion pension system to continue to explore investment in positive ventures (like low-income housing); divest from Nike, Wal-Mart, Costco, and Philip-Morris; pledge to remain out of World Bank bonds; and take action on Unocal. "OUT OF THE BAD AND INTO THE GOOD." NYC action at 730 Third Ave.-between 45th and 46th. For NYC demonstration, contact smr6@columbia.edu. We’ll also be speaking out at the annual meeting. If you can get to the meeting, whether or not you are a TIAA-CREF participant, contact smr6@columbia.edu for details on attending. And anyone can raise a voice from their hometown during the week before the meeting. Call CEO Herbert Allison; 800-842-2733; 212-490-9000. Ask for Mr. Allison and speak to his assistant; calls are best, but otherwise email HAllison@tiaa-cref.org. PLEASE NOTE THE POSITIVE STEPS THEY ARE TAKING AND THE NEED TO CARRY THAT ON IN WAYS DESCRIBED BELOW. We’ve had successes with TIAA-CREF before and want to continue that. Please forward this message to others.

Sponsored by the coalition "TIAA-CREF: OUT OF THE BAD AND INTO THE GOOD." The US Campaign for Burma; Infact; World Bank Bonds Boycott; Press for Change; Social Choice for Social Change; Citizens Coalition; Educating for Justice, Inc.; National Community Reinvestment Coalition; and National Congress for Community Economic Development