{"id":246992,"date":"2021-05-12T01:38:00","date_gmt":"2021-05-11T22:38:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/is-uber-disclosing-enough-information-about-its-lobbying-30-of-shareholders-want-more\/"},"modified":"2021-05-12T01:38:00","modified_gmt":"2021-05-11T22:38:00","slug":"is-uber-disclosing-enough-information-about-its-lobbying-30-of-shareholders-want-more","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/is-uber-disclosing-enough-information-about-its-lobbying-30-of-shareholders-want-more\/","title":{"rendered":"#\n  Is Uber disclosing enough information about its lobbying? 30% of shareholders want more"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4e08003f895\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4e08003f895\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/is-uber-disclosing-enough-information-about-its-lobbying-30-of-shareholders-want-more\/#30_vote_for_first-time_resolution_%E2%80%98will_only_grow_over_time_says_Teamsters_which_proposed_it\" >30% vote for first-time resolution \u2018will only grow over time,\u2019 says Teamsters, which proposed it<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/is-uber-disclosing-enough-information-about-its-lobbying-30-of-shareholders-want-more\/#Levi_Sumagaysay\" >Levi Sumagaysay<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Is Uber disclosing enough information about its lobbying? 30% of shareholders want more<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"30_vote_for_first-time_resolution_%E2%80%98will_only_grow_over_time_says_Teamsters_which_proposed_it\"><\/span>\n  30% vote for first-time resolution \u2018will only grow over time,\u2019 says Teamsters, which proposed it<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\">\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000265387\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       A shareholder resolution asking Uber Technologies Inc. to be more transparent about its lobbying spending failed this week, but the investors who proposed it are vowing to keep pressure on the ride-hailing and delivery company.<\/p>\n<p> Thirty percent of shareholders voted for the proposal calling for Uber<br \/>\n        UBER,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/211348248\/composite\" class=\"positive\">+0.92%<\/bg-quote><br \/>\n       to produce a report on its lobbying, according to preliminary results announced by the company Monday at its annual shareholder meeting. <\/p>\n<div class=\"paywall\">\n       As Uber continues to try to interpret or change labor laws to be compatible with its business model of treating drivers and delivery workers as independent contractors, not employees, its lobbying activities are bound to remain under scrutiny. After Uber and the other gig companies persuaded 58% of California voters to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>rove Proposition 22 in November, allowing them to circumvent a state law on worker classification, they said they want to expand their victories to other states and elsewhere.<\/p>\n<p><strong>See:\u00a0In record-breaking $200 million fight to preserve the gig economy, messaging doesn\u2019t always need money<\/strong><\/p>\n<p>The Teamsters <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> Fund, which proposed the first-time resolution, said Tuesday that if the company doesn\u2019t make \u201cmeaningful changes\u201d in its lobbying disclosures, it may refile the same proposal next year.<\/p>\n<p>\u201cThirty percent support for the proposal in its first year at Uber shows a significant base of support for this reform, which we believe will only grow over time,\u201d a spokeswoman for the Teamsters said Tuesday. \u201cTransparency and accountability are necessary at Uber and throughout the \u2018gig\u2019 industry.\u201d<\/p>\n<p>Michael Connor, executive director of Open MIC (Media and Information Companies Initiative), a nonprofit\u00a0that works on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a>ly responsible investing, agreed with that assessment. <\/p>\n<p>\u201c[It\u2019s] a strong signal that the underlying issues are important to an influential contingent of investors \u2014 and the company\u2019s board and management would be wise to begin addressing those issues,\u201d he said. <\/p>\n<p>Connor added that the vote was \u201calmost certainly helped\u201d by two influential proxy advisory services, Glass Lewis &amp; Co. and Institutional Shareholder Services, which also deemed Uber\u2019s lobbying disclosures inadequate and recommended that shareholders vote for the resolution. Glass Lewis called the company\u2019s spending on Proposition 22 \u201ccontroversial.\u201d<\/p>\n<p>In its proxy, Uber recommended a vote against the proposal, arguing that it already complies with all state and federal lobbying-disclosure laws. The San Francisco-based company also said it discloses payments to trade associations of more than $50,000. <\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>Keir Gumbs, Uber\u2019s deputy general counsel, said in the filing that the company\u2019s \u201cpolitical advocacy activities are strongly aligned with our business strategy, the interests of our stakeholders, and the creation of shareholder value.\u201d<\/p>\n<p>The company did not return a request for further comment Tuesday.<\/p>\n<p>Rondu Gantt, an Uber driver in the San Francisco Bay Area and a member of Gig Workers Rising, presented the resolution at the company\u2019s shareholder meeting. <\/p>\n<p>\u201cWithout adequate disclosures, investors are blind to the untold sums that Uber funnels through other groups to finance state, local and grassroots lobbying efforts,\u201d he said during the meeting. \u201cWhat we don\u2019t know can hurt us.\u201d<\/p>\n<p>In an interview with MarketWatch after the proposal failed to pass, Gantt said: \u201cThe best we can hope for is to have the conversation again. This is risking making Uber look bad.\u201d<\/p>\n<p>Uber spent more than $57 million on Proposition 22, and a record $2.5 million on lobbying in 2020. This year, the company spent $490,000 on lobbying in the first quarter, according to a disclosure filed with the Senate last month. The company mentions it is lobbying against the PRO Act, which would likely give its workers the right to organize.<\/p>\n<p><strong>See: PRO Act, called \u2018most important labor legislation in several generations,\u2019 passes House<\/strong><\/p>\n<p>Among the other specific lobbying issues Uber listed in the first-quarter report:<\/p>\n<ul class=\"articleList\">\n<li>\n      Issues related to the future of work and the on-demand economy, possible anti-competitive activities that could limit consumers access to app-based technologies.<\/p>\n<\/li>\n<li>\n      Issues related to COVID-19 safety measures.<\/p>\n<\/li>\n<li>\n      Issues related to federal pre-tax benefits impacting transportation costs and independent contractor classification.<\/p>\n<\/li>\n<li>\n      Issues related to federal agency guidance on reimbursement for transportation network companies (TNCs).<\/p>\n<\/li>\n<\/ul>\n<p><strong>See: Uber and Lyft set records in annual spending on Washington lobbying<\/strong><\/p>\n<p>Lyft Inc.<br \/>\n        LYFT,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208999293\/composite\" class=\"negative\">-0.69%<\/bg-quote><br \/>\n       shareholders are scheduled to vote on a similar proposal from the Teamsters at the company\u2019s annual general meeting on June 17. Lyft\u2019s board has recommended that its investors vote against the resolution, saying the company already complies with state and federal disclosure laws and could be placed at \u201ca competitive disadvantage\u201d if it expands disclosure. <\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Levi Sumagaysay\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Levi_Sumagaysay\"><\/span>Levi Sumagaysay<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D40CAB2F21C2%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Is Uber disclosing enough information about its lobbying? 30% of shareholders want more &#8221; 30% vote for first-time resolution \u2018will only grow over time,\u2019 says Teamsters, which proposed it A shareholder resolution asking Uber Technologies Inc. to be more transparent about its lobbying spending failed this week, but the investors who proposed it are&#8230;<\/p>\n","protected":false},"author":1,"featured_media":243187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-246992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/246992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=246992"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/246992\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/243187"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=246992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=246992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=246992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}