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Friday, February 28, 2014

-Investors restless? Call Abe Friedman, (NYSE: BLK), (NYSE: STT)

As corporations draw more heat from their investors, Abe Friedman aims to put out some fires. His San Francisco start-up, CamberView Partners, advises companies on how top shareholders make voting decisions and how to frame company messages.Lately Friedman has been on a roll, adding clients like Sprint and staff like former corporate governance chiefs from State Street Corp and Wellington Management Co.Friedman once held a similar job at BlackRock Inc before moving to the other side of the table to help companies grasp shareholder expectations on issues like mergers, board structure or executive pay."Companies have not really understood how investors think about governance issues," Friedman said. "The reason we exist is the changes in the investor landscape," he said.

BlackRock, Inc. (BlackRock) is an investment management firm. Shares of BLK fell by 0.45% or $-1.38/share to $304.43. In the past year, the shares have traded as low as $233.80 and as high as $326.00. On average, 700225 shares of BLK exchange hands on a given day and today's volume is recorded at 551824.

State Street Corporation (State Street) is a financial holding company. Shares of STT fell by 2.7% or $-1.82/share to $65.57. In the past year, the shares have traded as low as $54.57 and as high as $76.24. On average, 2309660 shares of STT exchange hands on a given day and today's volume is recorded at 4820052.



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