A group of Verizon shareholders is criticizing the broadband provider’s stance on net neutrality, saying the company’s positions on the issue could harm its reputation and commercial success.
The proposal by the Nathan Cummings Foundation and Trillium Asset Management LLC is being submitted for consideration at Verizon’s annual meeting, which is typically held in April or May. A previous version of the same proposal was submitted last year and “won 26.4 percent of the shareholder vote—representing $30.6 billion of Verizon shares,” an announcement today said.
The proposal states, in part:
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