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College Retirement Equities Fund (CREF)is a Pension Fund That Has

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College Retirement Equities Fund (CREF)is a pension fund that has billions of dollars invested in the stock market.Fund participants recently voted on a proposal that would have placed strict limits on the amount of compensation paid to CREF executives.Why do you think 75 percent of the participants voted against the proposal?

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To the extent that the compensation paid...

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