Johnson & Johnson Terminates Membership In American Legislative Exchange Council
Trillium Asset Management, LLC is pleased that Johnson & Johnson (NYSE: JNJ) confirmed this week that the company has terminated its membership in the American Legislative Exchange Council (ALEC).
The highly controversial conservative organization has attracted significant attention for its activities promoting gun laws like the one at the center of the Trayvon Martin case, bills weakening labor unions and rules that tighten voter identification requirements.
Having been in dialogue with Johnson & Johnson about our concerns – expressly urging it to leave ALEC weeks ago – we commend the company on its prudent decision which we believe is in the best interest of the company, its shareholders and its stakeholders.
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