Thursday, January 31, 2013

What Is Visa Hiding? Majority Shareholders Thwart Effort to Require More Disclosure of Money Spent on ALEC

What Is Visa Hiding? Majority Shareholders Thwart Effort to Require More Disclosure of Money Spent on ALEC
"Meanwhile, Visa is only one of 49 companies that socially responsible investors wrote to last year to urge ALEC funders to reconsider their financial support for the controversial group.  Walden Asset Managementand their other allies are continuing their shareholder-based outreach that has helped move other corporations out of ALEC.
But as a result of the shareholder vote in January, the amount of money Visa has spent funding ALEC over the years will remain hidden from investors and the public."