Shareholder Activism

April 08, 2022

The SEC’s proposed new rules for activist investors should be rejected

In July 2020, then–presidential candidate Joe Biden stated that “it’s way past time we put an end to the era of shareholder capitalism.” What precisely he meant by that was not entirely clear from the context of his remarks. Continue Reading...

August 16, 2018

Sen. Elizabeth Warren brings government muscle to corporate ‘accountability’

It was in Godfather III where Al Pacino as Michael Corleone said it first and said it best: “Just when I thought I was out, they pull me back in!” Before we were able to put away our party hats after celebrating the Supreme Court’s Janus decision in June, Missouri rejected a right-to-work measure at the state’s primary ballot box last week. Continue Reading...

May 26, 2016

Religious activists a ‘dismal failure’ at ExxonMobil and Chevron meetings

It’s all over but the chanting, which seemingly will continue unabated until religious shareholder activists bring energy companies to heel. What the Interfaith Center on Corporate Responsibility hyperbolically billed as “a watershed year” trickled into a puddle of disappointment yesterday for shareholder activists’ climate-change resolutions. Continue Reading...

May 23, 2016

Attorneys General line up to attack free speech

By now, readers should be aware of the campaign waged against the Competitive Enterprise Institute led by Al Gore and a cadre of attorneys generals with New York Attorney General Eric Schneiderman at the top of the rogues’ gallery. Continue Reading...

May 18, 2016

The ‘Good Food Now!’ Olive Garden Crusade

Your writer lives beyond the outskirts of Midland, Michigan, a small Midwestern town that is buoyed fortuitously by a Fortune 50 company. It’s a nifty place: Population around 50,000, a plethora of parks and bike trails, three rivers converging west of town, relatively low crime rate, and plenty of establishments of both the local and national variety in which to dine out. Continue Reading...

May 13, 2016

Sisters’ ExxonMobil Resolution More Gaia Than Catholic

Divination, bearing false witness and pantheism are three no-no’s of Christianity. You could look it up. I know from personal experience that many of my fellow pewsitters in the Catholic tradition fail in their attempts to obey the strictures of the faith by seeking out tarot cards, Ouija boards, horoscopes and the like. Continue Reading...

May 12, 2016

ICCR’s Rules for Radical Nuns

What is it with nuns crusading against corporate lobbying? This fad of recent years has grabbed headlines as orders such as the Sisters of Mercy and the Benedictine Sisters of Virginia gravitated toward political actions as members of shareholder activist group the Interfaith Center on Corporate Responsibility. Continue Reading...

May 11, 2016

Arjuna Resolution Fails at Entergy Annual Shareholder Meeting

From your writer’s experience covering religious shareholder activism the past few years, the phrase “enlightened engagement in the capital markets” is a trigger warning for a whole lotta hollow slogans to follow. Continue Reading...

April 21, 2016

The ‘Tragedy’ of the (Boston) Common

Boston Common Asset Management bills itself as “a leader in global sustainability initiatives.” Why would an investment portfolio management company label itself with the appellation “Common” when it carries such negative baggage? Continue Reading...

April 19, 2016

Religious shareholders attack ExxonMobil’s reputation, worry about oil giant’s ‘reputational risk’

The Interfaith Center on Corporate Responsibility, shareholder activists of the corporate God-fly variety, are gearing up for the May 25 ExxonMobil Corporation annual general meeting. The ICCR agenda isn’t about maximizing shareholder value, but seems far more intent on reducing it. Continue Reading...

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