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“If you are worried that your company is lobbying to weaken environmental rules, for example, then it’s really a fabulous opportunity for you to join in with the institutions
and other economic forces making it clear to companies that they can’t get away with it.”
As was the case last year, the topic of climate change will again appear on shareholder proxies this year.
This year, the retirees’ organization wants the company to expand its clawback policy; Verizon’s current policy limits pay recoveries to executives who engaged in “willful misconduct”
that causes significant financial or reputational harm to the company.
“If something goes wrong,” she said, “you want executives to be held accountable and know what the company is doing about it.”
A Caterpillar spokeswoman confirmed that the proposal would be on the proxy this year.
“The whole concept of executive compensation is pay for performance,” said Cornish F. Hitchcock, a lawyer in
Washington who is advising the group of Verizon shareholders proposing the policy change at the company.
Tejal Patel, corporate governance director at Change to Win Investment Group, said her
group put forward a shareholder proposal on clawbacks for this year’s annual meeting.

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If you’re a fan of The Lorax, you might be going to Springfield Massachusetts. Angeli Kakade (@angelikakade) has the story.

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Philadelphia police are investigating multiple cases involving package thefts. The department recently released footage of the latest occurrence, showing a woman approaching the front steps of a home and swiping a package.

As the holiday season nears, Philadelphia police are investigating multiple cases involving package thefts. The department recently released footage of the latest occurrence, showing a woman approaching the front steps of a home and swiping a package.

The incident occurred on Friday, November 14th in broad daylight. The package was left outside the front door by a US Postal Service staffer and swiped by the female suspect about 40 minutes later.

It’s unclear if the woman knew surveillance cameras were fixated on her, but she seemed to know what she did was wrong. Just before she opened the storm door, the suspect looked over her shoulder to see if anyone was watching.

Right after snatching the large box, she nonchalantly walked down the sidewalk. The rightful package recipient and victim remarked “We all work hard for the money we earn and for the things we buy with it and for someone to just do that. It’s just not right.”

A few weeks prior to this crime, there was another one just like it in Philadelphia. A home security camera caught a male suspect stealing a United Parcel Service package right off a front doorstep and calmly walking away with the stolen box.