'Tis the Season for Shareholder Activism

'Tis the Season for...
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Every spring, thousands of annual general meetings take place across America. Many of these are banal affairs where CEOs use their big day to unveil their latest product, announce record profits, or otherwise make a media splash... See more »

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From the list : Shareholder Activism by mona_moolah

At this year’s Whole Foods annual meeting in early April, a resolution to force the supermarket chain to label all of its genetically modified foods was voted on, and lost. But in that very same meeting, Whole Foods’ CEO announced that it would, after all, label all of the products it sold that were genetically modified. But Whole Foods’ policy switch didn’t happen overnight—the social investment firm Trillium had been campaigning since 2001 to get Whole Foods to adopt the labeling, concentrating its arguments on how it was in Whole Foods’ economic interests to adopt a GM labeling policy. A spokesperson for Whole Foods told CorpWatch that it was a “little premature” to publicize a response, and that the company was still in the “evaluation phase.” May 4th, 2005

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