Tag Archives: Congress

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.

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.

A major announcement


Jack Conway and 200 Dems -- Social Security champs

Rand Paul, the Tea Party leader running against me for Senate in Kentucky, thinks Social Security is unconstitutional. Other Republicans across the nation are also campaigning on privatization and Social Security cuts.

With a Tea Party deep on the fringe, the way for Democrats to win in 2010 is to have a spine — and go on offense.

That’s why today, I am proud to announce with my friends at the Progressive Change Campaign Committee that over 200 congressional candidates and members of Congress are promising to oppose any cuts to Social Security.

We’re saying no privatization, no raising the retirement age, no messing with the best program for seniors and workers in American history — and no mincing words about it.

Can you show your support for Democrats who stand on principle and go “on offense” by signing a statement of support for today’s big move by 200 candidates? Click here.

We’ll make sure the political insiders and the media take notice of where the grassroots want Democratic leaders to be.

The PCCC has done a great job working with me and other Democratic candidates to go on offense on Social Security — and I’ve been taking the Social Security fight directly to Rand Paul in debates, speeches, and media events.

The 200 others include:

  • Senate candidates Scott McAdams (AK), Roxanne Conlin (IA), Lee Fisher (OH), Alexi Giannoulias (IL), Kendrick Meek (FL), Paul Hodes (NH), Elaine Marshall (NC), and others
  • House candidates Ann McLane Kuster (NH), Joe Garcia (FL), Bill Hedrick (CA), Rob Miller (SC), Julia Lassa (WI), Manan Trivedi (PA), Ed Potosnak (NJ), Michael Oliverio (WV), and others
  • Members of Congress Raul Grijalva (AZ), Mary Jo Kilroy (OH), Alan Grayson (FL), Michael Acuri (NY), Carol Shea-Porter (NH), Ed Potosnak (NJ), Bill Owens (NY), John Boccieri (OH), and others
  • The full list is at SocialSecurityProtectors.com

As Rachel Maddow would say, “This is what it looks like when Democrats go on offense.”

Can you support Democrats who stand on principle and go “on offense” by signing a statement of support for today’s big move by 200 candidates? Click here.

Then, please pass this email to your friends who want bold Democrats. Thanks for being a bold progressive.

Jack Conway

Temper tantrum -repost-


Last month, Republican Senate candidate Joe Miller said that Republicans must have the “courage to shut down the government.” Republican Congressman Steve King recently demanded a “blood oath” from House Minority Leader John Boehner to ensure the full repeal of health care reform — even if it means shutting the government down.

And former House Speaker Newt Gingrich, mastermind of the disastrous government shutdowns of the 1990s, has been crowing about a potential shutdown for months.

For Republicans, what once seemed radical is now wholly in the mainstream.

Even worse, they are pulling in huge donations from special interests who are comfortable with a shutdown that hurts the American people — so long as it gets them what they want.

We won’t stand by and watch this happen — and that’s why we’re growing the By the People Fund.

Grassroots Democrats have given 2.9 million donations to show that our voices won’t be drowned out by special-interest donations to fuel a special-interests agenda. Now we need to keep up the pace to reach our goal of 3 million individual donations — we need 20,000 contributors this week to hit the mark.

Can you donate $5 to help us keep growing the By the People Fund today?

All around the country this fall, Republicans are trying to convince voters to hire them for a job. But they keep saying that one of the first items on their agenda would be to go on strike.

A government shutdown would cut off the programs, benefits, and services relied upon by millions of seniors, veterans, and families around the country. Veterans’ hospitals would be closed; Social Security checks would not go out.

This is the political equivalent of a temper tantrum — and it hurts those who need help the most.

With just more than 40 days until the election, it’s time for us to step up.

We’ve got organizers on the ground in all 50 states, and we’re doubling down on efforts to register new voters and turn out the supporters who’ve helped us win all across the country.

The meaningful changes we’ve fought for and won have always been built on the energy and support of people like you.

So if you’ve been wondering when might be the best time to pitch in where you’re able, the time is now. And if you’re sick and tired of the notion that simply because Republicans are yelling louder, we are willing to go quietly — then it’s time for you to raise your voice.

I know that we can win this fall — but it’s going to take all of us.

Please donate $5 or more to the By the People Fund today:

http://my.democrats.org/Shutdown

Thanks,

Governor Tim Kaine
Chairman

Google


Official Google Blog


 

–Posted: 16 Oct 2010 11:37 AM PDT–

**This is one of a regular series of posts on search experience updates. Look for the label This week in search and subscribe to the series. – Ed.

Search is always evolving, and we’re excited to share the latest this week—from Google Auto complete to our fun homepage doodles—as well as a glimpse at what the U.S. is searching for. Here’s this week’s round up of updates:

A birthday surprise
Because doodles are such a fun part of the search experience, we thought we’d share a fun little way Google will help celebrate your birthday. When you include your date of birth on your Google profile, you may notice a special treat on the Google homepage on your birthday (be sure to sign in). Click on the doodle for another birthday surprise!

Renaming Google Suggest
We first launched Google Suggest in 2004 in Labs to help people enter their searches faster. Suggest has been a very popular feature, and some people have been asking what happened to it. Never fear, it hasn’t gone anywhere—we just renamed it to “Google Autocomplete.” As part of our launch of Google Instant, we thought “Autocomplete” fit better with the new functionality—automatic queries and automatic results.

Google Instant in new countries across Asia
We’ve been rapidly expanding Google Instant around the globe. Last week we launched Instant in Australia, India, Korea, New Zealand and Singapore. Now that it’s been a few weeks since our initial release, we’ve been finding that people are really learning how to get the most out of Instant. For example, in just two weeks, we saw an increase in the fraction of searches performed without hitting enter or clicking search. This is a very demanding launch for our infrastructure and we’re expanding around the globe as soon as we can.

Eurostat data in search
We’ve also rolled out some improvements our public data search features. We’ve been working closely with Eurostat to surface some really useful and interesting data about unemployment rates, government debt, minimum wage and broadband penetration across Europe. Try searching for [arbeitslosenstatistik deutschland], [smic france] or [deuda publica españa] to see examples of this data visualisation in action. The data is available across 34 languages. We’ve also internationalized data from the World Bank. You can learn more on our European policy blog.

The week in searches
Curious to know what Google Searches skyrocketed in the U.S. this week? Check out the Google Beat, where you’ll find an inside look into what people are clicking on Google. This week, we cover everything from Columbus Day to Brett Favre and the buzz around “Cigar Guy.”

We hope you find these updates useful. Stay tuned for more next week.

Posted by Johanna Wright, Director, Search Product Management