News
NorthStar Completes Successful Shareholder Engagement to Develop Fair Chance Employment Program
In honor of Second Chance Month, NorthStar Asset Management, Inc. (“NorthStar”)[1] of Boston as shareholders of Xylem Inc. (“Xylem”) common stock announces a successful engagement with Xylem company management codifying a new commitment to establish a fair chance employment program in 2023...
NorthStar releases 2021-2022 Social Change and Activism Annual Report
NorthStar is pleased to share that we have published our 2021-2022 Social Change and Activism Annual Report. In 2021, NorthStar engaged 100 companies on issues related to the environment, company governance, human rights and labor issues, systemic racism, and economic equality. Most of our pr...
NorthStar is hiring!
NorthStar’s diverse team is growing. We’re looking for a Senior Portfolio Manager and an Investment Advisor to join our staff. Please read the details on our Careers page....
Despite Legal Challenge, Shareholders Will Vote on Company’s Board Diversity Efforts
FOR IMMEDIATE RELEASE Despite Legal Challenge, Shareholders Will Vote on Company’s Board Diversity Efforts Boston, MA (March 22, 2022) – Late last month, NorthStar Asset Management, Inc. (“NorthStar”) of Boston prevailed against a legal challenge by Milwaukee-based company Badger Meter. Badg...
NorthStar in the news: PRI podcast spotlights NorthStar’s activism on prison labor
Mari Schwartzer, NorthStar’s Director of Shareholder Activism and Engagement, was featured on a podcast this week related to our activism work on prison labor. Mari was joined by Sancia Dalley of RFK Human Rights to discuss the effects of the U.S.’s mass incarceration system and how investors ca...
Microsoft Shareholders are Encouraged to Hold the Company Accountable on Its Public Commitment
Boston, MA (November 29, 2021) – NorthStar Asset Management, Inc. (“NorthStar”), an asset management firm based in Boston, seeks to hold Microsoft Corporation accountable for a public commitment the company made on hiring practices related to people with criminal records. Created in 2015, the ...
Facebook Shareholders Seek Better Oversight
Boston, MA (October 27, 2021) – Highlighting the ongoing controversies at the social media giant Facebook, shareholders NorthStar Asset Management, Inc. (“NorthStar”) of Boston and co-filed by the New York State Comptroller Thomas P. DiNapoli, Trustee of the New York State Common Retirement Fu...
Delivering Inequality at the Top: FedEx Shareholders Support a Review of Systemic Racism in Company Culture
At the recent FedEx Corp. shareholder meeting, nearly 19% of shareholders voted in favor of NorthStar's proposal related to an evaluation of systemic racism in FedEx’s corporate culture. “FedEx likes to say that ‘diversity starts at the top’ but we don’t see it that way...
85% of Badger Meter Shareholders Pass Proposal on Diversifying the Company’s Board of Directors
FOR IMMEDIATE RELEASE Boston, MA (May 19, 2021) – At the late April shareholder meeting of Badger Meter, Inc., a supermajority – 85% — of Badger Meter shareholders voted in favor of a shareholder proposal by NorthStar Asset Management, Inc. related to Badger Meter’s lack of diversity on ...
Facebook Shareholders Seek Better Oversight
At the May 27th annual meeting of shareholders, Facebook shareholders will vote on a proposal that asks CEO Mark Zuckerberg eliminate his oversized control of the company and create a governance structure that would allow all shareholders one vote per share....
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Views
Our CEO’s Q1 2023 Letter to Clients
There was a moment in our recent history that felt like real progress was happening—for women, people of color, LGBTQIA+ people, and many others. Perhaps the backlash we’re currently experiencing shouldn’t be surprising. Nevertheless, it can feel highly disappointing and frightening....
2022 is Over! Our CEO’s Q4 2022 Letter to Clients
2022 is Over! Not long ago, a man who lost his election for office in New Mexico hired four gunmen to threaten and intimidate the Democrats who had won various statewide elections. As we prepared this letter, there were mass killings in California and elsewhere, revelations of murder by police in Me...
Our CEO’s Q2 2022 Letter to Clients
There is a large, framed photograph in our office that NorthStar acquired shortly after we won equal marriage rights in Massachusetts. The photograph is of a sign that was held high during the June gay pride parade in 2004 that says, “Brown, Roe, Goodridge.” As I sat in the office with a beloved...
Our CEO’s Q1 2022 Letter to Clients
Many years ago, during a rainstorm, I ran outside to pick some tomatoes from my garden and, while doing so, was suctioned into the wet, mucky soil. Worried about my meal prep (and my boots!), I pulled my feet out of my boots, jumped aside onto solid ground, and then leaned over and carefully pulled ...
The New Normal — Our CEO’s Q4 2021 Letter to Clients
We certainly have started 2022 with a bang. Market volatility in both equities and fixed income appears to be the path we are on, while staff shortages are more numerous and more impactful than they have been since the beginning of the pandemic....
Looking Ahead — Our CEO’s 3Q 2021 Letter to Clients
Looking Ahead Eighteen months into this pandemic and we have all had enough. Stock market volatility at the end of September was the icing on the cake for those of us on the Investment Committee. Soaring oil prices, the unresolved debt ceiling, fear of inflation, the reconciliation bill, the Build B...
Corporate Leaders, We Know You Can Do Better
In the wake of George Floyd’s death, corporate leaders from 66% of the S&P 500 companies made public statements, many of which condemned racism or affirmed the need for a focus on diversity, equity, and inclusion. But these same corporate leaders run companies where Black people’s existence is r...
Are We Going Forward? — Our CEO’s 1Q 2021 Letter to Clients
I don’t know about you, but I am taking a rest from my constant monitoring of the evening news. I am tired of five years of unrelenting political controversy. This does not mean that violent shootings of unarmed black men and mass shootings are not on my radar, but in order to remain hopeful that ...
One Step Forward? — Our CEO’s Q4 2020 Letter to Clients
On January 20th, like many of you, I sat glued to the television. I needed to see Donald Trump walk out of the White House, get into that helicopter, and leave. What he had to say to his loyal followers was of no interest. I just wanted him out....
Our CEO’s 2Q 2020 Letter to Clients
I am afraid. I am not afraid of stock market volatility; I am afraid that we are leaving Democracy behind and sinking into Trumpian Fascism...
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