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Shareholders Seek Portfolio Detox

In the current corporate annual meeting season, shareowners have stepped up demands on companies to seek alternatives to toxic materials in their products. A shareholder resolution at Apple calls on the company to set an accelerated timetable for ending the use of certain toxic materials. But why has the Board of Directors, which includes Al Gore, unanimously recommended against the resolution? At DuPont shareholders are continuing their quest for the company to end the use of the so-called Teflon Chemical. Corporate Watchdog Radio cohost Sanford Lewis, who is counsel to the Investor Environmental Health Network, discusses these and other fights with Richard Liroff, Director of the Network. Other companies discussed include Chemlawn, Bed, Bath & Beyond, SC Johnson, CVS, Dow Chemical, Wal-Mart, Mohawk Carpet and others.

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