Trillium Asset Management LLC

Social activism inside the BofA Boardroom

There's more than one way to skin a (Citizens United) cat:

“Citizens United conferred expanded freedom to corporations and unions to make political donations, but exercising that freedom exposes companies and their shareholders to significant risk,” said Shelley Alpern of Trillium, which filed the proposals at 3M and Bank of America. “Better means exist for those in the business community to express their political and policy preferences that do not divert shareholder resources toward political ends that they may not support and which may cause public controversy.”

This article is somewhat dated, but if I heard the rep from Trillium on the radio a few minutes ago correctly, the proposal to discontinue BofA's political contributions will be voted on today. And it would be a public relations coup for the embattled mega-bank.

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