US. Amazon faces new activism from pension funds in New York over worker safety
A group of New York city and state pension funds that collectively own more than $5 billion of Amazon.com Inc. stock are urging fellow shareholders to vote against re-election of two board members for what the institutions say are failures to adequately protect worker safety.
New York City’s pension fund, which represents the teachers, police department, fire department and other unions, has paired up with New York state’s pension fund and the office of the Illinois state treasurer to vote against the re-election of Amazon directors Daniel Huttenlocher and Judith McGrath. The two directors sit on a committee on Amazon’s board that oversees leadership development.
In an interview, New York City Comptroller Brad Lander, a Democrat, said Amazon’s directors have repeatedly declined requests to meet and discuss Amazon’s treatment of its workers, which the groups say “violate state and federal law and also conflict with Amazon’s own human-rights policy.”
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