Open Internet Proposal at Verizon Wins $30.6 Billion of Shareholder Vote
Support Comes as FCC Weighs New Network Neutrality Rules New York, NY // MAY 8, 2014: A shareholder proposal calling on Verizon Communications Inc. (NYSE:VZ) to report on business risks arising from the company’s opposition to open Internet and network neutrality principles has gained important new support from investors, winning 26.4% of the vote at Verizon’s annual meeting on May 1, 2014. The vote comes as the Federal Communications Commission considers the possibility of new open Internet rules to be introduced by Chairman Tom Wheeler at a commission meeting on May 15. Net neutrality is the principle that all Internet …
Nathan Cummings Foundation: Grant Makers are Ignoring One of their Most Powerful Tools
Laura Campos, Director of Shareholder Activities for the Nathan Cummings Foundation, recently wrote an opinion piece for Philanthropy.com that highlights recent shareholder activism. Ms. Campos writes: “Over the past year, shareholder activists racked up a list of accomplishments that would be the envy of many foundations. They secured agreements from some of the world’s largest companies to set targets for reducing greenhouse-gas emissions. They persuaded companies to be more transparent and accountable with corporate political spending and to abandon support for controversial organizations like the American Legislative Exchange Council, also known as ALEC. They pushed companies to adopt plans to increase …
New AT&T Report on Net Neutrality Highlights ‘Failure in Corporate Citizenship' Say Investors
A new report by AT&T Inc. summarizing the company’s positions on so-called network neutrality principles highlights a “worrisome failure in corporate citizenship” and raises significant concerns about AT&T’s long-term commitment to open Internet principles that benefit the American economy and all consumers, according to a group of AT&T investors. The report was issued by AT&T last month (December 2012) in response to a proposal by shareholders concerned about the company’s current open Internet policies for wireless networks, which comprise the fastest-growing segment of the Internet. In 2011 wireless constituted about half of AT&T revenue; the company has projected that its …
Shareholder Proposal on Network Neutrality Gains Momentum in Vote at Verizon
Results Surpass Those at AT&T; Third vote upcoming at Sprint on May 15 A shareholder proposal calling upon Verizon Communications Inc. (NYSE, NASDAQ – VZ) to publicly commit to network neutrality principles on its wireless networks gained significant momentum at the company’s annual meeting as shareholders supported the proposal by an even larger margin than their counterparts at AT&T did in a similar recent vote. The proposal at Verizon, which was offered and considered for the first time this year, attracted 7.9% of the votes cast by the company’s shareholders at the annual meeting in Huntsville, Alabama on May 3. …
AT&T Shareholder Vote on Network Neutrality Surpasses Critical Threshold
For Immediate Release: Shares worth more than $11.4 billion voted in favor; Similar votes upcoming at Verizon and Sprint April 27, 2012: A shareholder proposal calling upon AT&T Inc. (NYSE – T) to publicly commit to network neutrality principles on its wireless networks attracted important support in initial voting results released today at the company’s annual meeting in Salt Lake City. The proposal, which was voted on for the first time this year, attracted at least 5.9% of the votes cast in this year’s proxy vote at AT&T, according to preliminary results released by the company. That percentage could climb …
Trillium Urges Fellow Shareholders to Vote Yes on Net Neutrality Resolutions
For Immediate Release April 9, 2012 Contact: Randy Rice, Trillium Asset Management, LLC – 617-423-6655 Shareholder Group: Vote Yes on Network Neutrality, for the Good of Investors, Telecom Companies and the Economy Trillium Makes Case to Shareholders Before Landmark Votes BOSTON, MA – As shareholders of AT&T (NYSE – T), Verizon (NYSE – VZ) and Sprint (NYSE – S) prepare to vote for the first time to uphold network neutrality policies on wireless networks, Trillium Asset Management, LLC (“Trillium”), an investment management firm, wrote an open letter to fellow Verizon shareholders today urging a yes vote on network neutrality to …
Trillium Wins Significant Victory in Net Neutrality Fight
Trillium Asset Management and other socially responsible investors have won a significant victory in the fight for net neutrality. After years of denial, the Securities and Exchange Commission (SEC) ruled that investors will have the opportunity to press Internet Service Providers (ISPs) AT&T, Verizon and Sprint to adopt policies that would insure their neutral handling of all Internet content regardless of the sender, recipient or nature of the content. The companies had sought to block shareholders from voting on the proposals by arguing, among other things, that network neutrality was not a “significant public policy issue.” The SEC rejected that …
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