Did you know that owning just $2,000 of stock in
any company gives you the right to file a shareholder resolution?
More Than Money member Marnie Thompson used her shareholder
power to raise the minimum wage of one of her community's
largest employers. Here's what she told us:
"My husband and I deliberately bought
stock in a national corporation headquartered in my hometown
of Greensboro, North Carolina, because it is an important
player in our local economy. As a shareholder, I submitted
a "ratio resolution," which asks the corporation
to provide a justification for the ratio of highest paid
to lowest paid employees.
Initially, I intended for the resolution
to be a public education campaign. I assumed that the company
would challenge the resolution, but that we would probably
win the fight and the resolution would go into the proxy
statement. Then, by presenting the resolution, we would
promote a public conversation about economic fairness and
sustainable living wages. But that's not what happened.
Instead, in the best of Southern civility,
executives in the company asked me to lunch. Two lunches
and one month later, we had had a pretty successful run.
It turned out that the company's low wages were embarrassing
to the executives as well. I agreed to withdraw the resolution,
but only if they agreed to raise the wages of their lowest
paid workers to $10 per hour. Ultimately, they agreed to
raise the wages of their lowest paid employees from $6-$7
dollars per hour to $8.20 per hour. About 75 people received
a meaningful raise!"
To file shareholder resolutions and make
changes in the companies and communities you care about,
contact:
Responsible
Wealth
Provides assistance to shareholders interested in filing
resolutions to make the economy more equitable.
The
Shareholder Action Network
Provides information about shareholder resolutions being
filed across the country.
School Choice: Beyond the Ethical Dilemma
"When my husband and I were deciding
where to send our children to school," Ellie Friedman
of Massachusetts told us, "an ethical dilemma arose:
Do I do what is best for my child (which is my responsibility
as a parent) or do I do what is better for a large number
of people? I'm a true believer in public education,
because it's a basic tenet of democracy."
We interviewed several people to find out
how they chose schooling options for their children. In
particular, what did they do when their ethical ideal of
sending their own children to public schools clashed with
their concern for educating them well?
Three opted for private school. Two chose
to live in well-to-do communities with high-quality public
schools. One chose homeschooling. Another enrolled his child
in a parochial school with a mixed-income, mixed-race population,
to provide the kind of diversity he was not finding in his
public school. In all of these cases, the dilemma came down
to a choice between one's responsibility to one's
own individual child and one's responsibilities to
the community (what Dr. Kidder of the Institute for Global
Ethics, calls a "right vs. right" dilemma).
So, what are people doing to support public
schools, even when they choose other options for their own
family? Ms. Friedman started a private foundation to financially
support her local public schools, another woman funds scholarships
for low-income students, someone else volunteers in a local
school, another is running for the local school board. Others
are involved in the political system to improve public schooling.
To explore school choice options and ways
to support quality education for all, contact:
Donors
Choose
212-255-8570
This model of citizen philanthropy enables teachers to provide
activities for students that school funds will not cover.
At the Donors Choose website, teachers describe student
projects they want to initiate and list the materials needed
to make it possible. Individuals can browse teachers'
submissions and make a taxdeductible contribution that fully
or partially funds a chosen proposal. Begun in New York,
the model is being replicated around the country.
Parents
for Public Schools
800-880-1222
Parents for Public Schools is a national organization of
community-based chapters working to improve public schools
through broad-based enrollment. Based on the belief that
quality public education is vital to a democracy, local
chapters help public schools attract all families in a community
by making sure the local schools effectively serve all children.
Donation options include time, money, or expertise—locally
or nationally.
Public Agenda Foundation
212-686-6610
Offers nonpartisan information on current debates and policies
in education, including the pros and cons of voucher systems
and other programs to enable educational choice for all.
Public
Education Network (PEN)
PEN is a national association of Local Education Funds (LEFs)
working for school reform in low-income communities. The
website includes how to start your own nonprofit, communitybased
LEF.
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