Money Talks: Proxy wars
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 4 May 2022
⏱️ 37 minutes
🧾️ Download transcript
Summary
A record number of company shareholders have put forward resolutions at annual meetings this year, pressuring companies on everything from their environmental practices to political donations. Host Alice Fulwood asks our US business editor Charlotte Howard why the new frontline in corporate purpose has shifted to proxy battles. Plus, our US audio correspondent Stevie Hertz heads to Nebraska to find out more about a contentious resolution to unseat Warren Buffett from Berkshire Hathaway. And Thomas DiNapoli, the head of one of America’s largest pension funds, explains why the fund is supporting resolutions on everything from worker’s rights at Starbucks to racial equity at Amazon this year and weighs in on the spat between Disney and Florida Governor Ron DeSantis.
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Transcript
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| 0:00.0 | With so much uncertainty in the world, businesses need a solid plan that they can implement |
| 0:04.8 | quickly. |
| 0:05.8 | A plan that's ambitious enough to drive the scale of transformation with practical solutions |
| 0:10.4 | to provide real-world results. |
| 0:12.5 | With over 9,000 professionals in 120 countries, the EY Parthenon teams help businesses realise |
| 0:18.5 | their strategy with speed and certainty. |
| 0:21.2 | To learn more about EY Parthenon's individual approach to strategy and tech-enabled transformation, |
| 0:26.8 | research EY Parthenon and real-world strategy now. |
| 0:33.8 | Money talks from the economist is sponsored by Invest Puerto Rico. |
| 0:38.7 | More than just a Caribbean paradise, Puerto Rico is a business powerhouse. |
| 0:43.7 | This U.S. territory is a fast-growing hub for innovators. |
| 0:47.6 | Puerto Rico boasts numerous tax credits, business incentives and world-class talent that |
| 0:53.1 | take your business to the next level. |
| 0:55.8 | Find out why at investpr.org. |
| 0:59.1 | Game changers, welcome home. |
| 1:05.8 | 50 years ago, Paul Newhouser was living in Boston while he attended Harvard Law School. |
| 1:10.0 | My wife and I were members of the Church of the Outpinned in Boston and I complained to |
| 1:15.5 | the rectus Sam Wiley who was letter, Bishop of Northern Michigan. |
| 1:20.4 | I didn't the Church do more about opposing segregation and his response to me was you of the Church. |
| 1:30.1 | Newhouser took those words to heart. |
| 1:32.6 | To oppose segregation on behalf of the Church and its investments, he wanted to put pressure |
| 1:37.4 | on companies to leave South Africa, which was in the midst of its apartheid era. |
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