Three Days to Stop CEOs from Stealing Shareholder Votes



The recently passed Wall Street Reform and Consumer Protection Act gives shareholders—including workers’ pension funds—the chance to vote on CEO pay. But Big Business front groups are putting together devious loopholes, and we only have three days to stop them.

Take Action: Don’t let Big Banks and Wall Street brokers stamp out “say on CEO pay.”

Starting in 2011, shareholders will be able to vote on CEO pay packages. This is great news because:

1. Even if you don’t have any sort of pension, or own any stock, the bottom line is the new Wall Street Reform and Consumer Protection Act will help rein in CEO pay if it’s allowed to work. That’s a good thing for working people and the whole economy.

2. Pension funds hold TRILLIONS of dollars in assets belonging to people who are currently working, as well as retirees. So starting in 2011, there’s a chance to use the collective power of working peoples’ pension money to rein in out-of-control CEO pay that goes against the interests of shareholders.

But the new law is already in danger. The U.S. Chamber of Commerce, the Business Roundtable and other Big Business groups are lobbying hard for devious schemes to gut the new law’s “say on CEO pay” provisions, and we only have three days to stop them. They want the U.S. Securities and Exchange Commission (SEC) to give corporations more control over the proxy voting system—which is how most shareholders would cast votes on CEO pay.

You can help stop their proposals by sending a public comment to the SEC. But hurry! The deadline to submit your comment is Wednesday, Oct. 20.

Tell the SEC: Shareholders should vote on CEO pay—not Big Banks and Wall Street brokers. (If you add your own words and personalize your comment, even a little, it will make a much bigger impact.)

If Big Business wins on CEO pay, the rest of us lose. The Chamber wants to give Big Banks and Wall Street brokers power to vote on behalf of shareholders—knowing they’ll almost always vote to rubber-stamp excessive CEO pay. And the Business Roundtable wants to weaken investor privacy protections so corporations can send shareholders junk mail soliciting votes in favor of…whatever votes management wants.

Send your public comment to the SEC: Don’t let Big Banks and Wall Street brokers rubber-stamp CEO pay.

Groups representing Big Business are hoping to sneak through these seemingly “technical” changes while nobody’s paying attention. But the fact is, these proposals will undermine the voting rights of shareholders in corporate elections—and because shareholder voting rights will rein in CEO pay, that’s a big deal for everyone who cares about working people in America.

We need your help to make sure the voices of working families are heard in this debate, loud and clear. Can you help? Personalize and submit a public comment now. It only takes a moment.

Thanks for making sure working people keep their say on CEO pay.

Sincerely,

Manny Herrmann, Online Mobilization Manager
AFL-CIO

P.S. The U.S. Chamber of Commerce is already trying to buy our elections with gobs of money from secret donors. Don’t let the Chamber undermine our new rights to rein in excessive CEO pay, too. Tell the SEC to put the interests of shareholders—including working families and the pension funds that hold our retirement dollars—before the interests of corporate executives who are trying to suck the rest of us dry.

Has anyone sent you this yet?


Have you seen this video that’s being passed around?

It’s a message from Joel Burns, a Fort Worth city councilman, promising gay teens who are considering suicide that life does get better. And it’s a powerful reminder of what we as progressives fight for—equality, justice, and a compassionate country, where neighbors help one another.

It’s worth watching—as a wake-up call, as a testament to the values that we share, and as an example of truly courageous leadership. Please check it out and pass it on.

Joel’s video is part of a growing collection spurred by columnist Dan Savage’s “It Gets Better” project—you can see more like it, or upload your own, at http://www.youtube.com/itgetsbetterproject.

And for a helpful list of actions we can all take to help solve this problem, and resources for those dealing with it, click here.

http://www.moveon.org/r?r=92398&id=24347-9640874-6X0Hh5x&t=1

Thanks for all you do,

–Justin, Adam, Amy, Anna, Carrie, Daniel, Duncan, Eli, Ilya, Ilyse, Joan, Kat, Laura, Lenore, Marika, Michael, Milan, Nita, Peter, Robin, Stephen, Steven, Tim, Wes, and the whole team

Want to support our work? We’re entirely funded by our 5 million members—no corporate contributions, no big checks from CEOs. And our tiny staff ensures that small contributions go a long way. Chip in here.

Official Google Blog



The new Google Search Appliance—a bridge to the cloud 

Posted: 18 Oct 2010 07:00 AM PDT

(Cross-posted from the Enterprise Blog) 

In the last year, businesses have started using cloud-based applications from Google and other technology providers at an accelerated rate. While many organizations still have information that resides in on-premise systems, more and more important business information today is living in the cloud, in collaborative tools like Google Apps—now used by more than 3 million businesses—and services like Twitter. Starting today, Cloud Connect for the Google Search Appliance lets workers search across both on-premise and cloud-based content from a single search box, delivering more comprehensive results and improving productivity. We’ve also added a few other handy features that make it easier to collaborate and find information faster.

Cloud Connect for the Google Search Appliance
Cloud Connect displays relevant, personalized results from Google Docs and Google Sites alongside results from more traditional repositories, like file shares and content management systems. Easier access to collaborative documents, spreadsheets, presentations and sites with Cloud Connect speeds up how quickly coworkers can complete projects. Cloud Connect also lets users search content from Twitter, as well as blogs and industry websites via Google Site Search.

For organizations such as Delta Hotels and Avago that have already deployed both Google Apps and the Google Search Appliance, the Cloud Connect feature brings “universal search” to a new level, with more accessible business systems and content now spanning from cloud to ground.


People Search
This new version also helps foster faster collaboration between employees with the addition of People Search, which makes it easy to find experts and contact coworkers who are related to a search query, right from the search results page. For example, a search for “field marketing” would return a list of field marketing team members alongside other relevant content. Organizations can index personnel information like department, interests, expertise and location, and there’s an LDAP connector to help get People Search up and running quickly. 

Dynamic Navigation and more
Our new Dynamic Navigation feature allows users to drill down into search results based on search modifiers for their queries, and Active-Active Mirroring improves reliability by spreading search traffic across multiple boxes. Dynamic Navigation was a top user request and we’re glad to be able to add it. In addition, the Search Appliance now supports Microsoft Sharepoint 2010 content without the need for additional connectors.

As you move your business to the cloud, the Google Search Appliance’s new features can be an important bridge between on-premise and cloud-based systems, while enhancing employee collaboration. You can learn more about this latest release at www.google.com/gsa.

Posted by Rajat Mukherjee, Group Product Manager, Enterprise Search

The greenest way to support UCS


Union of Concerned Scientists
Your support of the Union of Concerned Scientists has helped advance innovative, practical solutions to the problems of global warming, food safety, abuse of government science, and more. 

You can be confident your donations to UCS are spent wisely. We are accredited with the Better Business Bureau, have received four stars from Charity Navigator, and earned an ‘A’ rating from the American Institute of Philanthropy.
Better Business Bureau, Charity Navigator, American Institute of Philanthropy
Become a Partner for the Earth

Want to know how you can make your actions with UCS go even further? Join our Partners for the Earth monthly giving program.

This is an easy and effective way for you to ensure UCS has the funds needed to advance science-based solutions to curb global warming, reduce the threat of nuclear weapons, generate clean energy, produce more fuel-efficient cars—and much more—every day of the year.

The Partners for the Earth program also helps UCS reduce fundraising costs and paper use. It’s the greenest way to give—plus, it’s easy and convenient for you!

Become a Partners for the Earth member today. Simply select an amount that is comfortable for you and it is automatically debited each month from your credit card.

In the coming months, UCS will continue to:

  • Expose corporations, front groups, and media pundits who knowingly mislead the public about climate science and challenge them to get their facts straight;
  • Push state utility commissions to shut down the oldest and dirtiest coal power plants;
  • Organize public pressure on the Senate to reduce the U.S. nuclear weapons arsenal; and
  • Press the Obama administration to boost fuel economy for cars and trucks, cut tailpipe pollution, and reduce our nation’s oil use.

We’ve got ambitious goals—and we need your regular support to accomplish them. Click here to join the Partners for the Earth program today.

Thank you for your ongoing support.

Kevin Knobloch Sincerely,
Kevin Knobloch
Kevin Knobloch
President

P.S. As a Partners for the Earth member, you are in control. You decide the amount of your monthly gift, and you can change or cancel your pledge at any time. Join today.

JUSTICE: Uncertainty Around DADT


Last week, the Justice Department asked Judge Virginia Phillips to stay her broad injunction barring the military from enforcing the Don’t Ask, Don’t Tell policy until it has an opportunity to appeal the decision to the U.S. Ninth Circuit Court of Appeals. In the appeal notice that accompanied the stay request, the government argued that ending enforcement of the policy “before the appeal in this case has run its course will place gay and lesbian servicemembers in a position of grave uncertainty.” “If the Court’s decision were later reversed, the military would be faced with the question of whether to discharge any servicemembers who have revealed their sexual orientation in reliance on this Court’s decision and injunction,” the government wrote. “Such an injunction therefore should not be entered before appellate review has been completed.” Meanwhile, the Department of Defense has also issued new orders via email late Thursday afternoon “informing all five branches of the military that they must comply with an injunction ordered by a federal judge” until the judge grants the government’s request. The Pentagon warned gay and lesbian servicemembers against changing their behavior in the interim. “We note for servicemembers that altering their personal conduct in this legally uncertain environment may have adverse consequences for themselves or others should the court’s decision be reversed,” Under Secretary of Defense for personnel and readiness Clifford Stanley wrote on Thursday.

FRUSTRATION OVER APPEAL: DOJ‘s appeal of the decision comes after intense lobbying from House and Senate Democrats — including House Speaker Nancy Pelosi (D-CA) — to allow the recent ruling to stand. As DADT scholar Nathaniel Frank explained, “The court case, I think, is one of the more likely now, for the President to say, this actually is unconstitutional and although there is a tradition of defending standing law, it’s not obligated to defend a policy that it believes is unconstitutional.” President Obama has previously implied that DADT is constitutional and Republicans and two Democrats successfully filibustered repeal in the Senate (the measure passed the House in May). But Obama has consistently argued that he would continue to try to repeal DADT through the legislative process to accommodate the work of the Pentagon’s ongoing review. “I don’t think it’s too much to ask, to say ‘Let’s do this in an orderly way’ — to ensure, by the way, that gays and lesbians who are serving honorably in our armed forces aren’t subject to harassment and bullying and a whole bunch of other stuff once we implement the policy,” Obama told Rolling Stone magazine in late September. The appeal comes a day after Secretary of Defense Robert Gates warned that ending the ban is “an action that needs to be taken by the Congress and that it is an action that requires careful preparation, and a lot of training.” “It has enormous consequences for our troops,” Gates said, ignoring research by the Center for American Progress’ Larry Korb, Sean Duggan, and Laura Conley which has found that repeal is actually a simple process and has been completed without incident by many other countries, including some of our closest allies.

MILITARY RESISTANT TO CHANGE: Gates, along with other military leaders, has resisted and delayed changing the policy before the Pentagon releases its review of the ban during the first week of December. Following Gates’ remarks, The Palm Center established a website to track his prediction that the court’s decision to suspend the policy would have “enormous consequences,” including all reported instances of harm to unit cohesion, discipline and privacy that have arisen during this period of open gay service. “Now that the ban has been suspended, we are searching vigilantly for such consequences, and we will use the new web site as a hub for reporting what we find,” Palm Center Director Aaron Belkin said. Last week, the group also submitted a Freedom of Information Act request for all documentation of reported negative consequences of the suspension of DADT. Meanwhile, the Pentagon task force that has been studying the consequences of ending the policy, is “well along” in formulating its recommendations, and officials don’t expect ruling or the moratorium to affect its work. According to some military officials, “[t]he task force found deep resistance to the idea of repealing the law in some elements of the armed services, especially within the combat units, an officer familiar with the findings said. But the surveys also have found segments of the military who were not overly worried about allowing gays and lesbians to serve.”

ENDING THE BAN THROUGH CONGRESS: During an MTV/BET/CMT sponsored town hall on Thursday, Obama told young voters that the policy should be repealed by Congress, not through an executive order or the courts. Distinguishing himself from President Harry Truman — who desegregated the armed forces via executive order in 1948 — Obama explained that “the difference between my position right now and Harry Truman’s was that Congress explicitly passed a law that took away the power of the executive branch to end this policy unilaterally. So this is not a situation in which with a stroke of a pen I can simply end a policy.” Obama stressed that he’s been able to convince Gates and Joint Chiefs of Staff Chairman Mike Mullen to support repeal and promised that the policy would end “on my watch.” “But I do have an obligation to make sure that I’m following some of the rules,” Obama said. “I can’t simply ignore laws that are out there, I’ve got to work to make sure that they are changed.” On Thursday, White House Press Secretary Robert Gibbs promised that Obama would work to end the policy during the lame duck session of Congress, telling the Advocate’s Kerry Eleveld that the President would be “actively involved in that.” Obama should also suspend discharges using his stop loss authority, thus ending the discharges of qualified men and women during wartime.