Nuns battle corporations on behalf of consumers and environment

[pnwmom]

I wish these nuns were running the Church, too. But I'm glad they're busy in the boardrooms.

And this reminds me --any of us could do this, too. Just buying a share of a stock entitles the owner to attend board meetings and to speak up.

http://www.uscatholic.org/culture/social-justice/2011/10/sister-pat-battles-board

To protect consumers and the environment, women religious lead the growing movement that’s taking on powerful corporations—one share at a time.

On May 6 this year, Sister Nora Nash stood before Goldman Sachs’ powerful CEO and his board for the investment bank’s annual meeting. Nash, a Sister of St. Francis of Philadelphia who wears wire-rim glasses and a tentative smile, was calling upon the investment bank to review its senior executive compensation policies and to report its findings to shareholders.

Goldman Sachs had just rewarded its top executives with $70 million in bonuses, even as workers were laid off, in the wake of spending half a billion dollars in legal fees and another $550 million in fines to the Securities and Exchange Commission for misleading clients.

A coalition of allies across the country had signed onto the resolution, including the Mount Angel Benedictine Sisters and several other orders. In fact, women religious have often been the face of shareholder advocacy.

“We’re just asking them to look at their policies and consider what part is greed,” says Benedictine Sister Marietta Schindler, who worries about the chasm between sky-high executive compensation on Wall Street and unemployment and empty stores on Main Street—and what that portends for America’s future.

SNIP

[Kingofalldems]

1. Kick and Rec for the nuns

[avaistheone1]

2. Perhaps the nuns can show Lloyd and the rest of the folks at Sachs what doing God's work actually

looks like.

K&R


:kick:

[Uncle Joe]

3. Kudos to the Nuns.

:thumbsup:

Thanks for the thread, pnwmom.

[meow2u3]

4. K & R for the real Christians

No doubt Opus Dei bishops will arrange to have them excommunicated for doing the real work of God, i.e., protecting the poor from the whims and power of the superrich.


on edit: reworded sentence