Activist investors say telecommunications pioneer AT&T Inc won't take their calls for its upcoming annual meeting, reinforcing their concerns that ...
BOSTON: Activist investors say telecommunications pioneer AT&T Inc won't take their calls for its upcoming annual meeting, reinforcing their concerns that the shift of the gatherings to cyberspace due to the COVID-19 pandemic would restrict shareholder input.
AT&T spokesperson Daphne Avila said the company is asking the proponents of shareholder resolutions - three in total - to provide written comments to be read by management during the meeting."This approach will let us efficiently address the matters to be voted and then move on to additional content, specifically the CEO's state of the business discussion and questions from shareholders," she said.
Activists have long complained the online-only formats give companies the chance to stifle dissent, even as issues such as climate change draw more attention. One is John Chevedden, a prolific filer and backer of shareholder resolutions including one this year calling on AT&T to have an independent board chair.
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