Tag Archives: Business Roundtable

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CEOs to Be Bold in Support of Our Vets


The White House

Challenging Our CEOs to Be Bold in Support of Our VeteransYesterday, First Lady Michelle Obama met with the Business Roundtable, an association of chief executive officers of leading U.S. companies which, combined, have nearly 16 million employees.With hundreds of thousands of veterans and military spouses currently looking for work, and one million more hanging up their uniforms over the coming years, the First Lady challenged those business leaders to make bold commitments to hire our veterans and military spouses and help them reach their full potential within their companies.Learn more about First Lady Michelle Obama’s challenge to CEOs.First Lady Michelle Obama delivers remarks on the Joining Forces Initiative to business leaders at the Business Roundtable Conference Center in Washington, March 13, 2013. (Official White House Photo by Lawrence Jackson)

First Lady Michelle Obama delivers remarks on the Joining Forces Initiative to business leaders at the Business Roundtable Conference Center in Washington, March 13, 2013. (Official White House Photo by Lawrence Jackson)

In Case You Missed It

Here are some of the top stories from the White House blog:

Reddit ‘Ask Me Anything’ with Economic Advisor Gene Sperling Gene Sperling, Director of the National Economic Council, answers questions about the President’s plan to reduce the deficit on Reddit.

The Economic Case for Commonsense Immigration Reform Director of the National Economic Council Gene Sperling outlines the economic case for a fair, effective and common-sense immigration system that strengthens our economy and the middle class.

Sunshine Week: In Celebration of Civic Engagement We the People allows anyone to create or sign a petition asking the Administration to take action on an issue. If the petition gets enough signatures, the Administration issues an official response.
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White House videos – President and … Netanyahu, Business Roundtable, News Conference


click on the link for the video … thank you

President Obama speaks to the Business Roundtable before a meeting to discuss job creation, the economy, and their new report “Taking Action for America.” March 6, 2012.More
 
President Obama Holds a News Conference

President Obama discusses new steps to support homeowners and their families as well as the situation in Iran. March 6, 2012.More
 
 
President Obama’s Bilateral Meeting with Prime Minister Netanyahu of Israel

President Obama and Prime Minister Netanyahu of Israel speak to the press before a meeting in the Oval Office. March 5, 2012.More
 

The President delivers remarks at the 2012 AIPAC Policy Conference at the Washington Convention Center. March 4, 2012.More
 
 

Effective conservation is about more than protecting the environment, it’s about strengthening the economy. March 2, 2012.More
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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.