Friday, September 4, 2015

Union pledges 'major disruption' vs Hershey, Comcast

SEIU threatens annual meeting mass protests: "Will risk arrest" at Wells Fargo, GE next week

Union pledges 'major disruption' vs Hershey, Comcast


The Service Employees' International Union, trying to increase voters' anger at corporate America in advance of this year's presidential elections, says members and supporters "will risk arrest" to "disrupt" shareholder meetings at 18 major financial, retail and energy companies' shareholder meetings during this spring's annual meeting season.

SEIU's targets include two next week - Tuesday's scheduled Wells Fargo annual meeting in San Francisco, which SEIU says will draw "over two thousand homeowners and workers" to protest "tax breaks," foreclosures and multi-million-dollar executive pay; and Wednesday's scheduled General Electric Corp. anual meeting in Detroit, where "over a thousand protesters" will converge at the giant financial and manufacturing company's Renaissance Hotel assembly, the union said in its statement. 

SEIU says it's also targeting three Philadelphia-area corporate meetings for protests: Hershey Co.'s May 1 annual meeting in Hershey; student lender Sallie Mae's May 24 sharheholder meeting in Newark, Del.; and Comcast's meeting May 31 here in Philadelphia. The union has given less detail, so far, about the forms those protests may take.

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PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

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