Setback For New York City's Job Bias Bid Targeting Houston Corp
A federal trial judge in Texas ruled on April 22 that an LGBT rights shareholder proposal submitted to Apache Corporation by New York City Comptroller William C. Thompson, Jr., the chief trustee of the pension plans for most municipal employees, did not have to be included with the proxy statements Apache mails to its shareholders in advance of its corporate annual meeting.
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“Together for 24, legal for 5”
Since: Sep 07
#1 May 4, 2008
It seems to me that establishing principals for the conduct of business is NOT micromanaging daily operations. I wonder if the courts would rule the same way on a proposal preventing a corporation from supporting neo-Nazi groups. I suspect this judge knew his ruling before he heard any evidence.
Since: May 07
#2 May 4, 2008
Such a ruling from a judge in Texas is not unexpected. Texas and the rest of the south are not noted for their logic nor their track record on equal rights.
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