Activist shareholder – Acton Institute PowerBlog

May 26, 2016

Religious activists a ‘dismal failure’ at ExxonMobil and Chevron meetings

It’s all over but the chanting, which seemingly will continue unabated until religious shareholder activists bring energy companies to heel. What the Interfaith Center on Corporate Responsibility hyperbolically billed as “a watershed year” trickled into a puddle of disappointment yesterday for shareholder activists’ climate-change resolutions. Continue Reading...

May 23, 2016

Attorneys General line up to attack free speech

By now, readers should be aware of the campaign waged against the Competitive Enterprise Institute led by Al Gore and a cadre of attorneys generals with New York Attorney General Eric Schneiderman at the top of the rogues’ gallery. Continue Reading...

April 04, 2016

A ‘moral imperative’ or just another exercize in green politicking?

This past Friday, I blogged about the U.S. Securities and Exchange Commission’s recent decision to allow a vaguely worded proxy resolution proceed to a vote. The resolution was submitted by, among others, members of the religious shareholder activist group the Interfaith Center on Corporate Responsibility. Continue Reading...

March 14, 2016

Shareholder Activists Drop Religious Pretext

Religious shareholder activist group As You Sow released its 2016 Proxy Preview last week, and it’s a doozy. Tellingly, AYS has dropped religious faith as a rationale for its climate-change and anti-lobbying efforts. Continue Reading...

February 11, 2016

Shareholder Activists Step-Up Leftist Resolutions for 2016

Previously this week, The Wall Street Journal presented a list of “7 Things Investors Should Be Watching for a 2016 Unfolds.” While there’s much in Michael A. Pollock’s article to recommend it to readers who might’ve missed it, there’s also one significant omission – Number Eight, if you will: A Rise in Proxy Resolutions by Religious Shareholder Activists. Continue Reading...

January 19, 2016

Is Bankrupting Coal Companies Really Social Justice?

The progressive shareholder activists over at the Interfaith Center on Corporate Responsibility have made it one of their core missions to move companies in which they invest away from fossil fuels – and bankrupting them if necessary. Continue Reading...

June 22, 2015

Falling Support for Climate Resolutions

All eyes seem to be directed toward Rome last week as the Pope weighed in on climate change. As anticipated, there has already been a lot of spinning by the whirling dervishes of the zealous variety– doubling down on their over-the-top, pre-release spin. Continue Reading...

May 15, 2015

Religious Shareholders at the Climate-Change Dance

It’s prom season, the time of year when plenty of high school kids eagerly anticipate an invitation to the year’s biggest formal event. It’s no different for the member organizations of religious shareholder activist groups As You Sow and the Interfaith Center on Corporate Responsibility. Continue Reading...

April 17, 2015

Religious Activists Bully Companies with ‘Reputational Risk’

Back in the 1960s and ‘70s, those of us of a particular bent loved the word “freedom.” The word was featured in the lyrics of many popular songs of the era, and the case could be made that hippies were called freaks as a pun on their oft-chanted “free” mantra. Continue Reading...

February 20, 2015

Religious Activists Push Back Against ‘Blunt Instrument’ of Fossil Fuels Divestment

Your faithful correspondent last week exposed the fossil-fuel divestment endgame of religious shareholder activists. As You Sow President Danielle Fugere sees her group’s activities as awareness-raising exercises for climate change, but AYS’s alignment with environmentalist and divestment firebrand Naomi Klein suggests they’d settle for nothing less than nationalizing oil companies. Continue Reading...

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