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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 voted a few years

College Retirement Equities Fund (CREF) is a pension fund that has billions of dollars invested in the stock market. Fund participants voted a few years ago 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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