Acton Institute Powerblog Archives

Post Tagged 'shareholder activism'

As You Sow Chases ‘Dark Money’

Your writer has been telling readers for some time now that so-called “religious” shareholder activism is more political than spiritual. I’ve also pointed out time and again that the priests, nuns, clergy, and religious affiliated with such shareholder groups as As You Sow are opposed to corporate donations to political activities only when it suits them. Continue Reading...

As You Sow’s Dishonest GMO Activism

Religious shareholder activists continuously sing from a counterintuitive hymnal that asserts genetically modified organisms somehow are detrimental to the environment, the financial well-being of the companies relying on GMOs and those people who eat foods containing GMOs. Continue Reading...

Activist Shareholders Are Cereal Killers

The 2013 proxy shareholder season is over, resolutions debated into their respective win/loss columns and reports filed. This hasn’t stopped those shareholder Godflies – the clergy, nuns and other religious on the left – from firing the first salvos for 2014 corporate battles. Continue Reading...

Intellectual Honesty Overcomes Radical Agendas

An apocryphal quote often (incorrectly it seems) attributed to John Maynard Keynes goes something like, “When the facts change, I change my mind. What do you do, sir?” Eliot Ness, as portrayed by Kevin Costner in The Untouchables, answers a reporter’s question about the lawman’s plans once Prohibition is repealed: “I think I’ll have a drink.” The point of these quotations, though fictional, is to draw attention to the virtue of intellectual honesty.  Continue Reading...

Verizon Shareholders Reject Net Neutrality Resolution

Last week, Verizon Communications Inc. shareholders rejected a wireless network neutrality proxy resolution from two prominent Interfaith Center for Corporate Responsibility members, Nathan Cummings Foundation and Trillium Asset Management Corporation. As this writer noted in a March 28, 2013, blog post concerning a similar proxy resolution submitted to AT&T Inc., advocacy of network neutrality is far removed from the ICCR’s goals of furthering social justice because it kills jobs, deters technical innovations and drives up consumer bills.  Continue Reading...

Executive Pay and Shareholder Resolutions

As keystroke was committed to screen in the writing of this post, J.C. Penney honcho Ron Johnson received his walking papers. This after it was announced last week that the ousted CEO had his pay cut 90 percent– tanking his 2012 salary to a mere $1.9 million from a sum north of $50 million in 2011. Continue Reading...

ICCR Proxy Resolutions Back Net Neutrality

Blurring the distinction between religious faith and totally unrelated political activism has attained new levels of absurdity during the 2013 proxy resolution voting season. One needs look no further than the network neutrality proxy resolutions submitted to AT&T Inc. Continue Reading...

ICCR Shareholders Target PepsiCo

When New York City Mayor Michael Bloomberg issued his diktat against 20-ounce soft drinks earlier this year, the negative public outcry was tremendous. Now comes the Interfaith Council on Corporate Responsibility with proxy shareholder resolutions aimed at PepsiCo, the parent company of Pepsi Cola, Tropicana, Quaker Oats, Frito Lay and Gatorade. Continue Reading...