The shareholders of Micron have passed a measure requiring Micron’s board of directors to establish a nondiscrimination policy for GLBT employees. The board recommended that shareholders vote against the measure. Micron officials won’t comment on whether they will honor the shareholder measure. From the article:
“Hopefully the company follows the wishes of shareholders who feel it was necessary to make this change that so many companies have already done,” said Jeff Simmons a spokesperson for the New York City Employees Retirement Fund told the paper. The fund is a large shareholder in Micron.
New York City Comptroller William C. Thompson, who administers the fund, campaigned for the measure.
The fund has been instrumental in pushing companies to adopt LGBT protections.
Last May it got fast food chain Wendy’s International to amend its policies to include the provision. Micron’s directors and officers are here. The board and officers all appear to be men with the exception of one woman each. The officers with links are all white. I guess that’s diversity in Idaho (and in corporate America in my experience). There are no email contacts listed, but I found these in Micron’s 2006 proxy: email@example.com and firstname.lastname@example.org.
Here are the press releases from Comptroller Thompson’s office regarding Micron and Wendy’s.
On January 5th, 2007 Comptroller Thompson called on the nation’s largest companies to bar discrimination based on sexual orientation and gender identity:
Continuing a decade-long campaign by the New York City Comptroller’s Office, William C. Thompson, Jr. has filed a series of shareholder resolutions calling on some of America’s largest companies to strengthen prohibitions against discrimination based on sexual orientation and gender identity.
The resolutions were filed on behalf of the New York City Employees’ Retirement System (NYCERS), New York City Police Department Pension Fund, New York City Fire Department Pension Fund, New York City Teachers’ Retirement System (TRS) and New York City Board of Education Retirement System.
The resolutions call for companies that have not already done so to revise their policies to forbid discrimination based on sexual orientation and gender identity. All are among the 1,000 largest companies in the United States, as ranked by Fortune.
Contact info for the NYC Comptroller office is here. I plan on thanking Thompson and urging the dumping Micron if they don’t abide by the will of the shareholders.