Teachers Insurance and Annuity Association-College received a blow from their shareholders in late August, when a "no" vote rejected its proposed fee increase on nine of its funds. But TIAA-CREF is not giving up. On the contrary the company is considering holding a second vote on the matter, The Wall Street Journal reports.
TIAA-CREF is reportedly loosing money, so the fee increase is a necessity for the company. Though the fund is non-for-profit TIAA-CREF considers itself otherwise.