{"id":452363,"date":"2022-05-24T23:32:50","date_gmt":"2022-05-24T20:32:50","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/amazon-shareholders-set-to-pressure-company-over-ceo-pay-worker-injuries-at-annual-meeting\/"},"modified":"2022-05-24T23:32:50","modified_gmt":"2022-05-24T20:32:50","slug":"amazon-shareholders-set-to-pressure-company-over-ceo-pay-worker-injuries-at-annual-meeting","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/amazon-shareholders-set-to-pressure-company-over-ceo-pay-worker-injuries-at-annual-meeting\/","title":{"rendered":"#Amazon shareholders set to pressure company over CEO pay, worker injuries at annual meeting"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 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-6a22c2c2519dd\" 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-6a22c2c2519dd\" 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-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/amazon-shareholders-set-to-pressure-company-over-ceo-pay-worker-injuries-at-annual-meeting\/#%E2%80%9CAmazon_shareholders_set_to_pressure_company_over_CEO_pay_worker_injuries_at_annual_meeting%E2%80%9D\" >&#8220;Amazon shareholders set to pressure company over CEO pay, worker injuries at annual meeting&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CAmazon_shareholders_set_to_pressure_company_over_CEO_pay_worker_injuries_at_annual_meeting%E2%80%9D\"><\/span>&#8220;Amazon shareholders set to pressure company over CEO pay, worker injuries at annual meeting&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>The heat is on at Amazon. <\/p>\n<p>The e-commerce giant is expected to take flak from shareholders and critics \u2014 including several New York politicians \u2014 over worker safety issues, anti-union tactics and CEO Andy Jassy\u2019s $214 million pay package at the company\u2019s annual shareholder meeting on Wednesday.\u00a0<\/p>\n<p>New York City Comptroller Brad Lander will speak at the meeting, taking the company to task over the high rate of worker injuries at its warehouses, Lander\u2019s office told The Post. <\/p>\n<p>Lander and concerned shareholders are pushing a resolution that would call on Amazon to report injury rates for all warehouse workers, broken down by race, gender and ethnicity.\u00a0<\/p>\n<p>\u201cHigh rates of injury, rapid turnover, and aggressive anti-union activity that violates workers\u2019 rights have created an unsustainable workplace for Amazon\u2019s 1.6 million workers,\u201d said Lander, who oversees public pensions for the NYPD, FDNY and teachers.\u00a0<\/p>\n<p>In addition, Lander and New York State Comptroller Thomas P. DiNapoli are <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/0001018724\/000121465922005572\/e420220px14a6g.htm\">urging<\/a> shareholders to oust two Amazon directors, Judith McGrath and Daniel Huttenlocher, over Amazon\u2019s labor practices and Jassy\u2019s compensation.\u00a0<\/p>\n<p>City pensions managers gripe that Amazon has ducked their concerns about health and safety practices for years.\u00a0<\/p>\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/amazon-16.jpg?w=1024\" alt=\"Brad Lander\" class=\"wp-image-22393780\" width=\"618\" height=\"411\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/amazon-16.jpg?quality=75&amp;strip=all&amp;w=1233 1236w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/amazon-16.jpg?quality=75&amp;strip=all&amp;w=925 927w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/amazon-16.jpg?quality=75&amp;strip=all&amp;w=618 618w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/amazon-16.jpg?quality=75&amp;strip=all&amp;w=308 309w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/amazon-16.jpg?quality=75&amp;strip=all 1024w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\"\/><figcaption>New York City Comptroller Lander is expected to speak at Amazon\u2019s shareholder meeting. <\/figcaption><figcaption><span class=\"credit\">Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n<p>\u201cThey did not respond to us,\u201d a source close to the pension funds said. \u201cInstead, we received a response from management with their familiar refrain: \u2018While our directors do meet with shareholders, we cannot honor all such requests.\u2019\u201d\u00a0<\/p>\n<p>The proposals are considered long shots since Amazon founder Jeff Bezos controls 12.7% of the votes \u2014 and many shareholders typically take cues from company management, which has come out against every shareholder resolution this year. The company argues that it spends heavily on worker safety and that it doesn\u2019t interfere with workers\u2019 right to organize.\u00a0<\/p>\n<p>However, shareholder resolutions can still put pressure on Amazon. After a proposal for a racial equity audit nearly passed last year with more than 44% of votes, Amazon subsequently hired former Obama administration Attorney <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> Loretta Lynch to commission a report on the issue.<\/p>\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/amazon-26.jpg?w=1024\" alt=\"Amazon \" class=\"wp-image-22393795\" width=\"618\" height=\"411\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/amazon-26.jpg?quality=75&amp;strip=all&amp;w=1233 1236w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/amazon-26.jpg?quality=75&amp;strip=all&amp;w=925 927w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/amazon-26.jpg?quality=75&amp;strip=all&amp;w=618 618w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/amazon-26.jpg?quality=75&amp;strip=all&amp;w=308 309w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/amazon-26.jpg?quality=75&amp;strip=all 1024w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\"\/><figcaption>Amazon has been accused of unsafe work practices. <\/figcaption><figcaption><span class=\"credit\">NurPhoto via Getty Images<\/span><\/figcaption><\/figure>\n<p>Lander and DiNapoli aren\u2019t the only New Yorkers who are thorns in Amazon\u2019s side.<\/p>\n<p>Labor leader Chris Smalls, who successfully led the effort to unionize 8,300 Amazon warehouse workers in Staten Island last month, is pushing a shareholder resolution that would require Amazon to commission a report on the steps it takes to protect workers\u2019 \u201cfreedom of association.\u201d <\/p>\n<p>The resolution, which is also supported by Norges Bank, says Amazon has been \u201csubject to overwhelming negative <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> coverage\u201d of \u201canti-unionization tactics including allegations of intimidation strategies, retaliation actions and surveillance systems.\u201d \u00a0<\/p>\n<p>Two influential investor advisors, Institutional Shareholder Services (ISS) and Glass Lewis, have endorsed both the freedom of association and worker injury proposals, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/12cbf9db-cfff-4593-82e0-4191436f3c2a\">the Financial Times reported<\/a>.\u00a0<\/p>\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/amazon-19.jpg?w=1024\" alt=\"Chris Smalls \" class=\"wp-image-22393850\" width=\"618\" height=\"411\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/amazon-19.jpg?quality=75&amp;strip=all&amp;w=1233 1236w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/amazon-19.jpg?quality=75&amp;strip=all&amp;w=925 927w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/amazon-19.jpg?quality=75&amp;strip=all&amp;w=618 618w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/amazon-19.jpg?quality=75&amp;strip=all&amp;w=308 309w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/amazon-19.jpg?quality=75&amp;strip=all 1024w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\"\/><figcaption>Amazon Labor Union leader Chris Smalls is pushing a shareholder resolution that would require Amazon to commission a report on steps it takes to protect workers\u2019 \u201cfreedom of association.\u201d<\/figcaption><figcaption><span class=\"credit\">Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n<p>Both Glass Lewis and Institutional Shareholder Services have pushed back against Jassy\u2019s compensation package ahead of the meeting, which is the first headed by the CEO since Bezos left the company last year. Institutional Shareholder Services called Jassy\u2019s $214 million package \u201cexcessive\u201d and argued that it \u201clacks any connection to objective, pre-set performance criteria,\u201d according to the Financial Times.\u00a0<\/p>\n<p>An Amazon spokesperson argued that the $214 million figure is reasonable because it represents Jassy\u2019s stock grants that will vest over 10 years.\u00a0<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>\u201cWhat this equates to from an annual compensation perspective is competitive with that of CEOs at other large companies and was <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>roved by the Amazon Board of Directors,\u201d a spokesperson said.\u00a0<\/p>\n<p>The shareholder efforts follow several other high profile-conflicts between the Empire State and Amazon.\u00a0<\/p>\n<p>On May 18, Gov. Kathy Hochul announced that the New York Division of Human Rights filed a complaint against Amazon, alleging the company engages in discrimination against pregnant workers and workers with disabilities by denying them reasonable accommodations.\u00a0<\/p>\n<p>And most famously, Bezos scrapped plans in 2019 for the company\u2019s HQ2 in Queens after local leaders questioned Amazon\u2019s tax break-laden deal.\n                        <\/p><\/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=\"https:\/\/nypost.com\/2022\/05\/24\/amazon-shareholders-set-to-pressure-company-over-ceo-pay-worker-injuries-at-annual-meeting\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Amazon shareholders set to pressure company over CEO pay, worker injuries at annual meeting&#8221; The heat is on at Amazon. The e-commerce giant is expected to take flak from shareholders and critics \u2014 including several New York politicians \u2014 over worker safety issues, anti-union tactics and CEO Andy Jassy\u2019s $214 million pay package at the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":452364,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/amazon-1.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[129578,2758,103384,79745,111261,71556,70360],"class_list":["post-452363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-5-24-22","tag-amazon","tag-brad-lander","tag-comptroller","tag-office-of-the-comptroller","tag-staten-island","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/452363","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=452363"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/452363\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/452364"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=452363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=452363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=452363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}