Members of the non-profit Association of BellTel Retirees, Inc. have two shareholder proposals for the 2023 Verizon (NYSE:VZ) shareowner meeting, aimed at strengthening the senior executive clawback policy while limiting executive golden parachutes. The annual meeting will be in Salt Lake City, Utah on May 11. The BellTel Retirees have a long and successful history… Read More »
Archives for March 2023
Retirees Win One on Capitol Hill
In late December, it was certainly a step in the right direction! The Secure Act 2.0 was signed into law in the final days of 2022 and is widely anticipated to have positive impact for retirees and the future protection of our retirement assets. President Joe Biden signing Omnibus Legislation into law on December 29,… Read More »
AT&T Seeks to Block BellTel Leaders’ Proxy Proposal
When members and leaders of the Association of BellTel Retirees submitted its first ever proxy proposal at AT&T, urging the company to change their existing policy related to so-called “Golden Coffins” (Read more on Page X), AT&T appealed to the Securities and Exchange Commission (SEC) in an effort to strike the proposal from the company’s… Read More »
2023 Verizon Proxy Proposals
The Association of BellTel Retirees will present two proxy proposals at this year’s Verizon Annual Meeting. They are the “Golden Parachute” proposal and the “Executive Clawback” proposal. Golden Parachute Proxy: The Golden Parachute urges shareholder approval of new and renewed compensation packages for senior executives, specifically packages that include severance or termination payments valued… Read More »
AT&T Shareowner Proposal
AT&T executives and shareholders: Watch out! The Association of BellTel Retirees has set its sights on governance enhancements at AT&T this proxy season. For the first time ever, the Association of BellTel Retirees has submitted a proxy proposal with AT&T. We’ve nicknamed our proposal the “Golden Coffin.” Golden Coffin Proxy: This proposal, submitted by longtime… Read More »