Home World News United States News Amazon’s shareholder meeting turns testy as investors demand action on climate crisis and diversity
United States News

Amazon’s shareholder meeting turns testy as investors demand action on climate crisis and diversity

Share
amazons shareholder meeting turns testy as investors demand action on climate crisis and diversity
Share
105927898 1558544647886amznshareholder2

Environmentalists protesting outside Amazon’s shareholder meeting

Paayal Zaveri | CNBC

Amazon’s annual shareholder meeting on Thursday turned hostile as shareholders demanded change on a number of issues, ranging from renewable energy use to equal pay.

Dozens of shareholders, including current employees, joined the meeting in Seattle, presenting their case in over 12 different proposals. They included demands that the company take action on climate change through energy use, as well as improving diversity and pay equality in its workforce. Two of the resolutions asked for Amazon to stop the sale of its facial recognition software to government agencies, which the backers say raises concerns of racial bias and discrimination.

While large companies often face dissent among investors at their annual meetings, Amazon is in a particularly sensitive spot because of its growing size, influence and CEO Jeff Bezos’s incredible wealth – he passed Bill Gates in 2017 to become the world’s richest person. Amazon is facing pressure among policymakers, regulators and activists for how it pays and treats warehouse workers, how it collects consumer data and promotes products and how it uses artificial intelligence.

Emily Cunningham, an Amazon employee who led the climate change initiative, asked Bezos to come out on stage to listen to her presentation. Bezos did not appear until later when he took questions from the crowd. Roughly 50 people in the room, however, stood up during her presentation in support of her resolution asking Amazon to reduce its use of fossil fuels.

Protesters outside Amazon’s shareholders meeting

Paayal Zaveri | CNBC

Shankar Narayan, the ACLU director who called for the ban of Amazon’s facial recognition technology, made his case by showing test results that indicated racial bias and discrimination in the software. He said face surveillance technology is aimed at immigrants and religious minorities and added that Amazon should stop the sale of the software unless the board could prove that it doesn’t harm civil rights.

“Face surveillance alters the balance of power between government and individuals,” he said.

When Bezos later took the stage for a question and answer session, he was asked about Amazon’s climate goals. He said it’s “hard to find an issue more important than climate change.” Kara Hurst, Amazon’s head of worldwide sustainability, said the company will release its carbon footprint “later this year.”

All resolutions were rejected by shareholder votes. The company said a filing of the vote tally will be disclosed on Friday.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts

Related Articles
Times Gavin Newsom Proved He's Better At Nicknames Than 'Tiny Hands' Trump
PoliticsUnited States News

Gavin Newsom’s Nickname Game: Outshining Trump’s ‘Tiny Hands’ Insults

In his X taunts, Gavin Newsom has used nicknames for MAGA notables...

These Are By Far The Weirdest Marriages In Mar-A-Lago
PoliticsUnited States News

Odd Couples at Mar-a-Lago: A Peek Behind the Velvet Rope

The parents of Barron Trump's bestie and a disgraced congressman and his...

The Possible Reason For Barron Trump's Disappearance Is Darker Than Expected
United States NewsPolitics

When a Son Fades from View: Why Barron Trump’s Quietness Feels Complicated

It's odd that first son Barron Trump hasn't been attending any public...

Trump Finally Gets A Bleach Touch-Up After Neglecting His Near-Gray Color For Weeks
PoliticsUnited States News

Trump’s Hair Drama: From Ashy Gray to Bleached Blond Again

Donald Trump has been accused of letting his hair go gray to...