Shareholder Proxies

Click on the links below for news articles on Shareholder Proxies:
Some news sites may require registration.

2010 AT&T Stockholder Proposals (Adobe Acrobat Reader Required)

The AT&T Annual meeting is scheduled for April 30, 2010. Our AT&T Retiree Organizations are sponsoring 2 proposals that deal specifically with the payment of our executives and the management of the pension fund. Please Vote FOR these proposals!

Your vote is extremely important. Both of these proposals have fallen short of the 51% margins needed to be considered as approved. We run the risk of them being eliminated from the annual report without your support. Shareholder proxies are non-binding as per the SEC; but it is an emotional victory to reach that hurdle.

• Proposal 4: Exclude Pension Credits from Calculation of Performance-based Pay
  Legacy AT&T adopted this practice in 2003, but the new AT&T has not embraced it as policy. Our premise is that the management of pension funds, whether it is profitable or not, should not have any bearing on executive pay. Pension fund performance should not be reflected in the performance of the company. It is misleading to the shareholders. As an example, an executive may receive a bonus based on a good stock market year and an increase in the pension fund, and the company may have had poor results and not met financial targets.
• Proposal 5: Shareholder Advisory Vote on Executive Compensation
  This gives shareholders the opportunity to agree or disagree with the established compensation package. It does not in any way hinder business operation or invalidate employment agreements. It just Shareholders the Voice they are entitled to as owners of the company. This is commonly known as Say on Pay.

May 3, 2010 Update: Both of these proposals were narrowly defeated - Proposal 4 was rejected 54.4% to 45.5%, Proposal 5 had 53.4 percent voting against and 46.6 percent supporting the measure.

2010 Verizon Stockholder Proposals

From the Association of BellTel Retirees: We urge you to vote contrary to management's recommendation on two important items on Verizon's proxy card for the upcoming Annual Meeting on May 6th in Little Rock, Arkansas:

• Vote FOR Item 6: Performance Stock Unit Performance Thresholds
• Vote AGAINST Item 3: Advisory Vote on Executive Compensation - Vote AGAINST Approving the Executive Compensation Package

In order to see the stories posted previously Follow this link