By Sean Salai
Conservative shareholder-activists have turned up the pressure on what
they say is liberal-leaning "woke" corporate culture with several
proposals at annual boardroom meetings.
The activists said they felt buoyed by responses to moves by Disney
and Kohl's. Disney's earnings were worse than expected in the first
quarter as Florida stripped the company of preferential tax benefits
because of its transgender political lobbying. Kohl's shareholders
rejected a liberal investor's push to replace up to 10 board directors
at their annual meeting Wednesday.
...
Meanwhile, shareholders at Verizon, ConocoPhillips and CVS Health
voted down proposals aimed at exposing liberal political activism on
issues such as racial hiring quotas and Chinese communist business
ties after their boards of directors recommended against them.
"The more newsworthy aspect for proponents like us is that we have the opportunity to speak to directors and top executives directly at these shareholder meetings," Paul Chesser, director of the Corporate
Integrity Project at the National Legal and Policy Center, said in an
email.
https://m.washingtontimes.com/news/2022/may/15/conservative-shareholder-activists-turn-pressure-w/
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