Amazon shareholders nix warehouse working conditions audit

[Omaha Steve]

Source: AP

Amazon shareholders on Wednesday voted down a proposal calling for an independent audit of working conditions at the e-commerce behemoth’s warehouses.

The proposal’s defeat at the Seattle-based company’s annual shareholder meeting came despite calls from activist groups and unions to improve labor conditions at the warehouses where customer orders are sorted, packaged and shipped.

Amazon had recommended shareholders vote against the proposal and 14 others presented at the meeting, a record for the company. All the resolutions were voted down by a majority of shareholders, the company said, citing preliminary voting results. It did not release shareholder vote totals Wednesday, but its expected to release them in regulatory filings.

Many of the resolutions focused on workers’ rights and issues such as further disclosure of the company’s lobbying and taxes. The resolutions are nonbinding, but usually pressure corporate boards to take action.



FILE - In this Feb. 14, 2019, file photo, people stand in the lobby for Amazon offices in New York. Amazon shareholders on Wednesday, May 25, 2022 voted down a proposal calling for an independent audit of working conditions at the e-commerce behemoth's warehouses. (AP Photo/Mark Lennihan, File)


Read more: https://apnews.com/article/workers-rights-75848d9fb0a71b8a83a60eb8ee0e9dc1

[Stuart G]

1. K and R...Thanks for posting. i rarely shop Amazon..And will do so " More Rarely" now..

...

[Prof. Toru Tanaka]

9. I can't stand Jeff Bezos.

My wallet says "Fuck You" to Amazon.

[C Moon]

2. The future of the world.

[ZonkerHarris]

3. fuck amazon

[Rebl2]

4. Figures

[paleotn]

5. Might cut into share prices.

[DENVERPOPS]

13. Welcome to the

Fascist Corporations of America............simplest definition of fascism is a merger of corporations and government

[CloudWatcher]

6. Boycott Amazon!

I have for years now.

[ProfessorGAC]

7. No Surprise

2 people. One holds 100 shares. Votes yes.
The other is a fund manager who proxy votes 1 million shares. Votes no.
Two people voting, but the noes have it by 999,900 votes.

[bucolic_frolic]

8. Masters crack their whip!

[lonely bird]

10. OK

Remove any limited liability they may have.

[Warpy]

11. You make it sound like a democracy, it's not

The more stock you own, the bigger your vote. Own a few hundred shares in your nest egg, you might as well not bother.

My guess is that Bezos still owns the lion's share. His vote would be biggest.

[Igel]

15. Think of it as a weighted democracy.

The votes all get counted but not all votes count equally.

Sue puts in $25M, Cam puts in $25, I put in $2.5. Sue has much more skin in the game than I have. If Cam and I vote to do something that destroys the business, we lose $27.50. Sue loses $25M.

I could see activists on either side having 10k people each buy up a miniscule share of stock just, in an unweighted democratic kind of voting, capture a company. Not what the system's meant for, and it would seriously damage the economy.

[Warpy]

18. An that's the kind of "democracy" the billionaires think we should be

No, it's not skin in the game, it's property. It's mpt speech, as the Roberts court stupidly ruled, it's only property. As such, it needs to be regulated, otherwise we can resign ourselves to a government that rules against the will of the people in perpetuity, the exact opposite of what anyone but the rich ever intended.

[PatrickforB]

12. This is why I'm not a capitalist. Sure they voted it down.

They are SHAREHOLDERS, and we hold their profits above all else, as a matter of policy complete with a state supreme court ruling. When we hear someone say that corporations hold profits over people, they DO. They have to. It is a legal precedent, and this is why capitalism profoundly SUCKS. It is too much about profits, and not enough about workers, communities, consumers and the environment itself.

Capitalism

Sucks

[DENVERPOPS]

14. BRAVO.....

Thank you Patrick........

[70sEraVet]

16. Your graphic reminded me of a song. Its a bit long - my apologies.

https://m.

[Hotler]

17. People complain about Amazon yet continue to shop there. Boycotts can work.

As consumers and workers we have two tools to use to fight back against TPTB, our votes and our wallets and pocketbooks. Our spending dollar is powerful if we use it.