Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Amazon Versus the Unions

2»

Comments

  • edited April 2021
    @Crash While it's true that an ethical corporation is somewhat of an oxymoron, there are ways to invest, not to leave a behemoth like Amazon out of the portfolio, yet insist that it behave better than it has in the past towards labor and the environment:

    https://morningstar.com/articles/1002749/how-big-fund-families-voted-on-climate-change-2020-edition

    https://barrons.com/articles/sec-says-esg-fund-proxy-voting-disclosure-needs-an-upgrade-51617119803

    If eliminating the company feels impossible without accepting underperformance, engagement, real public engagement, with the company can happen.
  • edited April 2021
    Granted. "...yet insist that it behave better than it has in the past towards labor and the environment." Quite right. The "engagement" approach. The argument is that unless you're a shareholder, you have no clout, from the get-go. The "engagement" approach is a doomed concept--- unless corporate Boards are willing to listen and consider. That rarely happens.

    There are other ethical considerations, too. For example, there are those who deliberately refuse to see the distinction between Judaism and the STATE of Israel--- whose policies and actions toward the Palestinians is reprehensible. So, those individuals--- refusing delivery on that distinction--- put any protest against the State's policies in an "antisemitic" frame. Buncha crap. Israel has become and Apartheid State, in fact. But corporate engagement with companies benefitting from the military Occupation of Palestine has met with limited positive responses. Think CAT or Motorola or Hewlett Packard. And so, the BDS Movement came to be. @LewisBraham
    https://bdsmovement.net/
  • Interesting to see what labor's next steps may be regarding the company: https://nytimes.com/2021/04/09/business/economy/amazon-labor-unions.html
Sign In or Register to comment.