Activism of another kind, at Apple… | footnoted.com
“From the right” anti-Gore efforts baked into a shareholder proposal around Apple re-joining the US Chamber of Commerce…okay. From Footnoted’s analysis, looks like shareholder activism is now a two-pole affair and NCPPR’s just getting into the game.
Stepping back a little, [Footnoted’s crew likes] this development, and can’t help but hope it’s a trend toward more varied proxy measures from more varied groups. At the very least, proxies could become a lot more entertaining.
Still, barring the discovery of some smoking gun regarding Gore’s involvement in the decision, we do wonder how the group’s position on the matter squares with some pretty broadly held conservative positions, including the idea that corporate boards should more or less be allowed to run companies and take policy positions as they see fit. Conservative commentators have generally not been kind when it comes to activism-by-proxy-contest, as we’ve seen in the debate over board nominations.