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Investors to LG: Higher Tower, Less Respect

ENGLEWOOD CLIFFS, NJ—The controversy over the height of the LG Electronics USA headquarters under construction here took an usual turn as a coalition of investment funds and foundations wrote to the firm asking it to go lower.

By John Jordan | Updated on April 25, 2014

ENGELWOOD CLIFFS, NJ—The controversy over the LG Electronics USA headquarters now under construction here has taken a rare turn as a coalition of investment funds and foundations sent a letter to the firm asking it to reduce the height of its planned 143-foot building.

In the letter sent to LG executives Thursday, the 32 groups that described themselves as “shareholders” and “potential investors,” stated, “While this controversy in New Jersey and New York may seem like just a local issue, it goes well beyond that and speaks to LG’s overall corporate responsiveness.”

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