Shareholders Say Washington, DC NFL Team Name Presents Heightened Reputational Risks to Stadium Sponsor FedEx
FedEx Increasingly Embroiled in Ongoing Controversy over “Redskins” Name July 16, 2014: Last week, FedEx won approval from the Securities and Exchange Commission for its effort to remove a shareholder proposal focused on the ongoing controversy over the “Redskins” name from its upcoming annual proxy. Investors filed a shareholder proposal in April with FedEx Corporation (NYSE:FDX) asking the company to “respond to reputational damage from its association with the Washington D.C. NFL franchise team” and its name controversy. FedEx possesses the naming rights to the team’s stadium, FedExField, in Landover, Maryland through 2026. Investors are now urging FedEx …
USA Today: Shareholders Concerned about FedEx Link to Redskins
Earlier this week a ruling from the U.S. Patent and Trademark office revoked six trademarks belonging to the Washington, DC football team calling the name ‘disparaging’. A coalition of investors, including Trillium, has also recently announced a shareholder proposal with FedEx Corporation (NYSE:FDX) asking the company to “respond to reputational damage from its association with the Washington D.C. NFL franchise team” and its name controversy. Erik Brady, of USA Today Sports, writes: “…The filing represents a new battleground in the fight over the Washington club’s controversial team name — sponsors. FedEx owns the naming rights at the suburban Maryland …
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