A Home Depot shareholder proposal has been submitted to the SEC requesting that the company publishes a report, at least annually, “analyzing the congruence of political and electioneering expenditures during the preceding year against publicly stated company values and policies.” A proxy memo in support of the proposal from Tara Health Foundation cites data from…
Category: dark money
AT&T Shareholder Resolution Calls Out PAC Spending ‘Incongruent’ With Stated Values Following Mass Donations to Anti-Democratic Lawmakers – Accountable.US
An AT&T Inc. shareholder resolution has been recently submitted criticizing the company’s “politically focused expenditures” that “appear to be misaligned with its public statements on Company values, views, and operational practices.” The resolution – which the AT&T Board of Directors “unanimously recommends” shareholders vote against during a May 19th shareholder meeting – cites research from…
Dark Money from the US Now Polluting the UK
Investigative reporting by Open Democracy found that a Koch-funded dark money organization has now extended its reach to the UK. Shadow climate secretary Ed Miliband said: “US right-wing groups with links to big oil are desperate to stop action against the climate crisis. Now they are trying to extend their reach into UK political debate.”…
GOP Pushes to Outlaw Divestment
Once again, we see those who love to rhapsodize about the purity of the free markets working to disrupt and distort the free market with subsidies. Donald Shaw of The Lever reports on political initiatives to make divestment of fossil fuel companies illegal. Republican state and federal lawmakers, their campaign coffers filled with fossil fuel…
Anthem, Eli Lilly, Walmart and more quietly funnel millions to national group behind regressive state laws — Popular Information
A political group supported by Walmart, Eli Lilly, Anthem, and other major corporations is behind the new avalanche of repressive laws. As usual, these initiatives are contrary to the corporations’ express statements of encouragement for women, minorities, and the LGBTQIA communities. Republican state legislators across the country have embraced an aggressively regressive agenda, targeting the…
Hiltzik: Disney loses its grip over Florida politicians – Los Angeles Times
DeSantis and his fellows are threatening to revoke Disney’s near-dictatorial control over the 43-square-mile site of Walt Disney World and its related theme parks and resorts outside Orlando, the product of a deal that Florida’s then-Republican governor, Claude Kirk, signed into law in 1967. Is this threat plausible? That hinges on the question of whether…
The Rise of Anti-ESG Shareholder Proposals | Morningstar
Ruth Saldana reports on a concerning number of “anti-ESG” shareholder proposals filed by politically conservative groups, chief among them the National Center for Public Policy Research (funded by ultra-right groups including the Marcus, Scaife, and Coors foundations and a promoter of climate change denial and disinformation about January 6 ) and the National Legal and…
Warning: The “Corporate Citizenship Project” is Another Astroturf Fraud
As VEA Vice Chair Nell Minow wrote about the so-called (and now defunct) “Main Street Investors Coalition” on the Harvard Law School Forum on Corporate Governance, “the more folksy or patriotic the name of the group, the more likely that it is funded by people who are promoting exactly the opposite of what it is…
Accountable US to Eli Lilly: Stop Lying About Your Support for the Sedition Caucus
Kyle Herrig of Accountable US has written to Eli Lilly about their support for elected officials known as “the sedition caucus” for their efforts to overturn the Presidential election. “If Eli Lilly is content to donate to those in Congress who tried to overthrow the will of the people, or even those who seek to…
Kochs Insist on Keeping Russian Operations — Judd Legum
On Wednesday morning, Popular Information exposed how pundits and groups backed by Charles Koch were publicly advocating against economic sanctions on Russia — without disclosing their ties to Koch. On Wednesday afternoon, Koch Industries finally spoke. It released a public statement from Koch Industries’ COO, Dave Robertson. The statement confirmed that Koch Industries was still…
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