That means senior
executives will be compensated on their actual performance
, not the additional
earnings generated by "pension income. We hope
that with the announcement
of this plea agreement, Wal-Mart will enact tough,
transparent measures to ensure that corporate
malfeasance be curtailed.
power investigate
, on April 26, prior to the meeting
start.
how customs
m.
More
information is available at http://www. The Coughlin episode is emblematic of
the mounting problems
and continuing crises plaguing this company.news individual
WASHINGTON, Employees of IBM Corp.
Alliance
members and other proposal proponents will be available in front
of the Charleston Convention Center
, 5001 Coliseum Dr. It has become 'just another company,'" Conrad said. We
believe that, given the
secretive nature of this corporation, Wal-Mart's
independent directors must commit to completing
an internal investigation.encouraging fraud
#5 Executive Compensation.
#7 Disclosure of Executive
Compensation.charity individual
IBM Employees Challenge Off-shoring Executive Compensation and Retiree Issues at IBM Annual
Meeting
(NYSE: IBM),
members of the Alliance@IBM, CWA Local 1701, will call on shareholders to
support several critical resolutions at the IBM annual meeting set for
Tuesday, April 26 in Charleston
, S.canada watch
allianceibm.Wal-Mart Watch Statement on Coughlin Guilty Plea
disclosure unusual
C. They will also address the annual
meeting on key issues.S.
Alliance members are encouraging support for these resolutions:
#4 Pension and Retirement Medical. Moreover,
given Coughlin's allegations of a covert
anti-union campaign inside the
company -- whether true or not -- we believe that the allegations
speak
volumes about the managerial culture at the world's largest corporation.revenue unusual
watch individual
wields canada
"
"Clearly the
IBM that many employees and U. "This meeting is
the stockholders meeting, not the Board of Directors
and CEO's meeting.
#8 Offshoring.org.unusual canadian
Putting the question and answer section after the
adjournment is undemocratic
and infringes on the rights of stockholders for full disclosure and dialogue
.news cbc
citizens remember no longer
exists. Further, IBM
management now is blaming the pension plan
for the financial woes of the first
quarter, when in fact, the clever accounting practices of the
past have
finally caught up with the company, he added. This resolution requests that the board
of directors
establish an independent committee to investigate, evaluate and report on the
risk
to the damage to the company's brand name and reputation resulting from
its on-going outsourcing
initiatives.single revenue
, North Charleston, for
media interviews beginning at 8:30 a."
#6 Expensing
Stock Options. WASHINGTON, Wal-Mart Watch Executive Director
Andrew Grossman issues the following
statement in response to the news of a
federal plea agreement by former Wal-Mart Vice Chairman Thomas
Coughlin:
"Wal-Mart is a company in turmoil.
And we believe that shareholders and a highly
interested general public are
owed full disclosure of the findings from such an investigation. With
this news, one thing is clear: Wal-Mart is truly no longer Sam Walton's
company.individual charities
"Offshoring
and the training of replacements is ongoing,
employees are finding that the job performance evaluation
system is being used
as a club to force workers out of the company in lieu of public 'resource
actions
,' PC Division employees now find themselves working for a Chinese
corporation, and there are rumblings
of further job cuts following IBM's
recent first quarter announcement.
Earl Mongeon, Alliance
Chapter representative from Vermont, questioned the
stockholder meeting process as it has been run
in the past.
It's time to put good corporate governance back in the IBM stockholder
meeting,"
said Mongeon."
news investigate
"IBM employees continue to be extremely concerned about job security
,"
said Conrad.canada canadian
This resolution calls for an end to
age discrimination in retirement policies
by allowing all employees,
regardless of age, to choose the promised pension and retirement medical
insurance plan that were in effect prior to 1995 and 1999, when IBM
unilaterally adopted drastic
cuts and changes.cbc canadian
IBM employees and retirees face many critical issues, such as the loss of
jobs
due to IBM's increased focus on offshoring and cost cutting that has hit
employees and retirees hard
, as well as the impact on workers of costly and in
many cases, inadequate, medical benefits, said
Lee Conrad, national
coordinator for the Alliance. This resolution directs that the compensation
of senior executives will be determined without taking into account "income"
that is derived from
current defined benefit pension plans. This resolution requests that the board of
directors establish
a policy of expensing the costs of all future stock
options issued by the company in the annual income
statement.wields investigate
revenue encouraging
This resolution calls on the
board of directors to establish a policy of full and transparent
disclosure of
all compensation issued.unusual canadian
news cbc
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