The SEC has rejected a request from Johnson & Johnson that it exclude from its proxy statement a shareholder proposal that it conduct a ‘civil rights audit.’ Trillium Asset Management, on behalf of Christopher and Anne Ellinger, has submitted the measure requesting that Johnson & Johnson ‘conduct and publish a third-party audit… to review its…
Category: black lives matter
Consumer Brands Support Politicians Who Oppose Reproductive Rights and Black Lives Matter: Ultraviolet
Ultraviolet identifies Coca-Cola, Disney, Uber, P&G, ATT, and Nike as corporations whose political contributions are contrary to their rhetoric about supporting women and BIPOC. [Thanks to Jim McRitchie for bringing this to our attention.] Corporate America is one of the largest supporters of anti-choice, anti-women politicians — even those who claim they are pro-woman. Some…
If Black Lives Really Matter to the Rich, Philanthropy Isn’t Enough – The New York Times
Darren Walker, President of the Ford Foundation writes in The NY Times: No chief executive, investor or rich person wakes up in the morning, looks in the mirror, and says, “Today, I want to go out and create more inequality in America.” And yet, all too often, that is exactly what happens. Even before the…
Qualcomm’s corporate board sued for lack of diversity, failure to appoint Black directors – The San Diego Union-Tribune
A Qualcomm shareholder has sued the company’s corporate directors for failing to bring Blacks onto the board or into top executive roles while repeatedly touting diversity efforts in public. The lawsuit, which comes in the wake of widespread Black Lives Matter protests over racial inequality, is one of three shareholder derivative legal actions recently filed…
Costco, Safeway, Ralph’s Grocery: Claim to Support #BLM but Lobby for Incarceration Bill
Judd Legum identifies Costco, Safeway, and Kroger subsidiary Ralph’s as corporations that claim to support racial equality but are backing California’s Prop 20, which would roll back prison reform that has reduced crime and costs. Thank you @RalphsGrocery and @Safeway for standing with victims against violence and abuse. #JusticeForVictims #Safety #KeepCalSafe pic.twitter.com/3JLZU6gg3D — Yes on…
Dark Money: It’s Time for Boards and Institutional Investors to Act on Racial Justice
Bruce Freed of The Center for Political Accountability and Eleanor Bloxham of The Value Alliance have an important op-ed in Barron’s about the long-standing opposition of the Big 3 institutional investors – BlackRock, Vanguard and Fidelity — to shareholder resolutions calling for disclosure of political disclosure and the connection to corporate political spending that has…
A Conclave of America’s Top CEOs Talks Race and Making Change – WSJ
Leaders of General Motors Co., Johnson & Johnson, American Airlines Group Inc. and other big businesses gathered via Zoom this week for a roundtable about the business impacts of the coronavirus. With protests gaining momentum across the U.S., the participants quickly changed the subject. What followed was a rare peer-to-peer conversation among more than 300…
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