“Bank of America may not be selling communists the rope, but it seems to be facilitating their financial transactions toward the same end.” Media release
Category: Capitalists v. capitalism
Starbucks faces pressure over Xinjiang ties
Just days after the National Center for Public Policy Research filed a shareholder proposal pressing Starbucks to disclose its exposure to forced labor in Chinese solar supply chains, the coffee giant opened its first stores in Xinjiang, the region at the center of longstanding allegations of forced labor and human rights abuses against the Uyghur population.
Now the National Center’s Free Enterprise Project (FEP) is demanding that Starbucks close the stores and explain to shareholders why company management chose to expand into Xinjiang.
“It is appalling that Starbucks is now selling coffee to Chinese Communist Party elites as they commit crimes against humanity and ethnic genocide,” said FEP Executive Director Steve Milloy in an October 2 letter to Starbucks. More…
The Trump SEC’s Accidental Gift to Left-Wing Activists
Shareholders sue New York Times over failure to fact check outrageous anti-Israel claims
“News requires fact-checking. Extraordinary news requires extraordinary fact-checking,” said Steve Milloy, executive director of the National Center’s Free Enterprise Project. “The Times allowed Kristof to publish extraordinary allegations without demonstrating that its own fact-checking standards were followed. When a newspaper’s credibility is one of its most valuable assets, shareholders have a right to know whether the company has meaningful systems in place to protect it.”
SEC’s short-sighted shareholder proposal move could lock in left’s corporate gains
“The allegedly ‘free market’ commissioners at the SEC have proposed to lock in left-wing shareholder activist gains and leave pro-free enterprise shareholder activists to the tender mercies of corporate management-loving state laws,” said FEP Executive Director Steve Milloy. (Media release)
The SEC’s Situational Awareness Is Behind the Times
At RealClearMarkets.com: “The Trump administration has improved upon the famous adage that capitalists will sell communists the rope by which the latter would hang the former. Now the capitalists seem to be just giving the rope away.”
Milloy comments on potential shareholder lawsuit against New York Times re Nick Kristof Gaza column
Corporations cling to COVID-era virtual meetings to avoid shareholder scrutiny; Activist investors demand change
A new petition submitted to the U.S. Securities and Exchange Commission demands that the SEC issue guidance to publicly traded companies regarding the widespread abuse of virtual shareholder meetings. Press release | SEC petition | Petition on SEC web site
Investors call for transparency on China supply chain risks
We have petitioned the US Securities and Exchange Commission to compel publicly-traded companies to disclose the risks of an abrupt break in the supply chain from China. Our mortal geopolitical enemy has strategically checkmated our country though its supply chain chokehold. Not only did government and business allow this to happen, they are covering up the existential problem. Media release | Petition on SEC web site
Did Warner Brothers promote Looney Toons characters to corporate sustainability management?
This presentation (media release|audio presentation) will be made at the June 9, 2026 annual meeting of Warner Brothers shareholders.
Milloy links viewpoint diversity with the data center energy shortage for the Alphabet board at the annual meeting
This presentation (media release|audio presentation) will be made at the June 5, 2026 annual meeting of Alphabet (Google) shareholders.
Milloy to Netflix: Prove ESG isn’t a virtue-signaling money pit
This presentation (media release|audio presentation) will be made at the June 4, 2026 annual meeting of Netflix shareholders.