May 22, 2019
Ahead of Amazon Shareholder Meeting, Largest Private-Sector Union Backs Resolutions to Strengthen Accountability
WASHINGTON, D.C. – Today, ahead of the annual Amazon shareholder meeting in Seattle where a vote will be held on nine resolutions aimed at holding the company accountable for its practices that put employees and customers at risk, United Food and Commercial Workers International Union (UFCW) President Marc Perrone released the following statement:
“The growing frustration and anger with the way Amazon and Jeff Bezos do business is real. Year after year, Amazon earns billions in profits on the backs of American taxpayers and its own workers, while ignoring the company’s responsibility to do what is right.
“Today’s shareholder meeting is an opportunity to hold Amazon accountable. These resolutions are about sending a clear message to Amazon and Jeff Bezos that the American people are sick and tired of subsidizing billionaires and huge corporations at the expense of workers and consumers. It’s time for companies like Amazon to realize that they succeed because of their workers – not in spite of them.”
Today’s Amazon shareholder meeting will consider nine resolutions supported by a broad coalition of socially responsible investors focused on holding the company accountable for its practices that pose direct threats to employees, customers, and the broader public. A list of the resolutions to be voted on today is below:
- Risks of Sales of Facial Recognition Software: Open MIC, Tri-State Coalition for Responsible Investment
- Independent Study of Rekognition: Harrington Investments
- Report on Efforts to Address Hate Speech: Nathan Cummings Foundation
- Amazon’s Plans for Disruptions Posed by Climate Change: Amazon Employees
- Reduce Food Waste: JLens Network
- Executive Pay-Incorporate Diversity & Sustainability Metrics: Zevin Asset Management
- Independent Board Chair: SumofUs
- Majority Vote: Investor Voice
- Gender Pay Equity: Arjuna Capital
In November 2018, investors sent a joint letter to Amazon to underscore their concerns and request meaningful dialogue with the company. The letter was endorsed by 114 investors representing over $2.6 trillion in assets under management, many of whom had varying degrees of prior engagement with Amazon.
Additional concerns were raised by Amazon’s decision to petition the SEC to omit many of the proposals from its proxy. Many investors see the fact that the company has actively sought to avoid addressing these problems in a constructive manner with the investment community as highly troubling.
The UFCW is the largest private sector union in the United States, representing 1.3 million professionals and their families in grocery stores, meatpacking, food processing, retail shops and other industries.
Our members help put food on our nation’s tables and serve customers in all 50 states, Canada and Puerto Rico.
Learn more about the UFCW at www.ufcw.org