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Slowly but surely, common sense is making a comeback

Slowly but surely, common sense is making a comeback


Slowly but surely, common sense is making a comeback

Shareholder activists will pay a visit to various companies this week.

The National Center for Public Policy Research's (NCPPR) Free Enterprise Project owns stocks in companies so it can attend shareholder meetings and confront executives about their controversial business decisions.

This week, NCPPR's Ethan Peck and others will be presenting proposals at PayPal, McDonald's, Amazon, and First Energy.

Peck, Ethan (NCPPR) Peck

"A lot of those are similar," he tells AFN. "They tackle the workplace discrimination against the views of employees. We have a proposal at Amazon about the financial sustainability of them continuing to meddle in politics and how that can detrimentally affect the company's potential in the future; we've seen boycotts in the past like we did at Disney and Target and Bud Light."

Last week, before blasting Boeing for "prioritizing racial quotas over performance and safety," NCPPR presented a proposal holding BlackRock, the "asset management behemoth," accountable for its "suppression of alternate viewpoints."

Though that was later voted down by shareholders, Peck says his organization will "keep showing up" at shareholder meetings.

"We're making some grounds," he asserts. "The new shareholders in favor of neutral fiduciary duty and apolitical companies that just want to bring the best return for their investment for their shareholders – that's making a comeback, slowly but surely."