Activist Shareholders Score Wins on Election Spending After Riot

“Increased political polarization, the 2020 Election, and the January 6th attack on the Capitol, have shown companies that spending corporate dollars on political causes is risky business,” [Thomas] DiNapoli said in a statement to Bloomberg Law. The trend is expected to continue as activist shareholders vow to make sure that companies stay true to their…

The myth of corporate neutrality – Popular Information

Dallas-based AT&T is following the McConnell playbook. Yes, the company says it believes “the right to vote is sacred” and supports “efforts to enhance everyone’s ability to vote.” But it refused to weigh in on SB 7, the voter suppression law introduced by Texas Republicans. AT&T said that “election laws are complicated, not our company’s…

New York State Fund’s Best Results Ever on Political Spending Proposals

In more than a decade of pushing companies to disclose their political spending, the New York State Common Retirement Fund has never had a year like this. The nearly $250 billion pension fund faced off in early May against Duke Energy Corp. DUK, 0.08%, whose board of directors opposed the New York fund’s proposal asking…

Google says it is reevaluating its support for GOP group pushing voter suppression laws – Popular Information

On Monday, Popular Information and Documented reported that Google was funding and collaborating with a Republican organization pushing voter suppression. Specifically, according to internal documents, Google’s State Policy Manager, Joe Dooley, was listed as a participant in an April 6 working group hosted by the Republican State Leadership Committee (RSLC). The private event on “election…

Ted Cruz: Your Woke Money Is No Good Here – WSJ

Ted Cruz to corporate political contributions: You can’t fire me; I quit. And I am petty and vindictive and will take revenge on you for hurting my feelings. This is what the kids call a self-own. First, he condescendingly tells some of the most accomplished and powerful people in the country that they don’t know…

The Growing Perils of Corporate Political Involvement

Corporations are having a tough time navigating the pressure from all sides on political statements, including campaign contributions, as it is increasingly difficult to avoid offending a substantial number of customers, employees, or investors. Judd Legum continues to track corporate promises — and broken promises — about political contributions. And a number of other articles…

Proxy Season 2021

The annual webinar hosted by As You Sow on the upcoming proxy season had to build in some extra time this year. The events and upheavals of 2020 are reflected in the range and impact of this year’s shareholder proposals. As You Sow’s Andrew Behar led off with a strong statement: “If there is a…