lordslayer99

Source: https://time.com/5888024/50-trillion-income-inequality-america/

"On average, extreme inequality is costing the median income full-time worker about $42,000 a year. Adjusted for inflation using the CPI, the numbers are even worse: half of all full-time workers (those at or below the median income of $50,000 a year) now earn less than half what they would have had incomes across the distribution continued to keep pace with economic growth. And that’s per worker, not per household."

We are getting stolen from everyday by the billionaire class who have bought themselves politicians and the media to keep you from getting what you deserve

“And if all others accepted the lie which the Party imposed—if all records told the same tale—then the lie passed into history and became truth. ‘Who controls the past’ ran the Party slogan, ‘controls the future: who controls the present controls the past.'” ~George Orwell, “1984”

Every day we are subject to corporate propaganda and we do not even notice it. Our beliefs and core values get influenced and neighbors are pitted against each other. The news we see is increasingly spreading fear creating a darker and darker world around us. We need alternatives. We need independent journalism that is more widespread.

Some Stanford professors coined the term the Dune affect: "The Dune affect, which states that those who control the media control the opinions of the people"

"Modern propaganda uses all the media available to spread its message, including: press, radio, television, film, computers, fax machines, posters, meetings, door-to-door canvassing, handbills, buttons, billboards, speeches, flags, street names, monuments, coins, stamps, books, plays, comic strips, poetry, music, sporting events, cultural events, company reports, libraries, and awards and prizes. It is most likely that some of these media uses are surprising, but that only serves to show how easy it is to not even recognize propaganda as such. For the purpose of our paper we will focus on mainly the usage of the press in their tactics of shaping people's opinions. The press (newspapers and magazines) is important because the most current news and issues are spread every day through them.

Indeed, propaganda is so powerful because everyone is susceptible to it. This is true as explained by Robert Cialdini, an expert in influence, because people exist in a rapidly moving and complex world. In order to deal with it, we need shortcuts. We cannot be expected to recognize and analyze all the aspects in each person, event, and situation we encounter in even one day. We do not have the time, energy, or capacity to process the information; and instead we must very often use our stereotypes, our rules of thumb, to classify things according to a few key features and then to respond without thinking when one or another of these trigger feature are present (Cialdini 6). While this makes people highly susceptible to a propagandist who understands persuasion, in general it is the most efficient for of behaving, and in other cases it is simply necessary. Additionally, propaganda includes the reinforcement of societal myths and stereotypes that are so deeply embedded within a culture that it is often difficult to recognize the message as propaganda."

Our media has become increasingly centralized and has been taken over by the billionaire oligarchy. Corporate Propaganda media is controlled by 15 billionaires ahem oligarchs

Here are some organizations that look into corruption and do investigative journalism:

International Consortium of Investigative Journalist (the people who broke the Panama Papers, Pandora Papers and just last week Cyprus Papers)

Paper Trail Media

Forbidden Stories

The Signal Network (Whistle blowers)

Anti Corruption Data Collective

Spotlight Corruption

Global Investigative Journalism Network

International Journalist Network

Committee to Journalist

Reporters without Borders

Future Crunch (positive news)

International Federation of Journalist

Documented

I will leave with this video which encompasses how wide spread this problem is: This is extremely Dangerous to Democracy

Last month I discussed with a member from ShareAction on ways to build an AIG. It is looking like creating a not for profit organization will be the best way to do so. With a not for profit we will have flexibility to bring together voting power of shareholders and create research on DRS.

I am still reaching out to organizations on how to go through the process of creating an AIG alas there are not many AIGs out there. If you would love to help one way to do so is look for organizations that use shareholder resolutions to influence companies. The more we understand this process the more impact we can have.

Now onto the conversation I had with ShareAction. During this conversation I inquired about how they began and what their strategies are. Their main focus is on ESG and to do so they interact with asset managers and asset owners. When the group was originally formed they mainly contacted pension funds to push for certain shareholder resolutions. He described the organization like an umbrella with 3 main objectives:

1. Policy and engaging with Policy Makers
2. Individual corporate campaign: activities and activism focused on certain theme in climate
3. Financial sector standards talking to asset managers and asset owners and allows to hold them in account for who supports them and those that do not

With asset managers he brings up a good point on how we can start advocating for the company and get into contact with asset managers. For their movement they are in contact with 600-700 asset managers and this number is growing as their footprint has been getting larger. The hardest part they have faced is getting their foot in the door with asset managers. When contacting these asset managers they needed an advantage so they could be listened to and for them it was through smaller issues that larger organizations are not covering. The member I am in contact with is the senior manager for financial engagement and has never heard of the Direct Registration system. He was not aware of voting issues and how votes can be discarded. This can give us an advantage with these asset managers as we know a system of the market that they have never heard of. We have immense knowledge on the DRS system which can be supported by evidence on Failure to Delivers, and votes being thrown out as there are too many shares.

Utilizing asset managers, asset owners, and pension funds they are able to put pressure on the companies and their shareholder resolutions are more likely to succeed. One way they are able to get pension funds more involved is if the shareholders in the funds put pressure on their pensions such as threatening to move shares out.

Regarding the organization they are a not for profit which is what he recommends we create the AIG as. As a not for profit they are a charity organization and survive through volunteers and donations. This allows them to be agile and cover a wide range of topics as long as they have a theme. We will need to learn more about what this entails and how we can go about setting this up and what state we will want to do it in.

Along with pushing for policy and engaging with asset managers they also conduct research which is a critical part to what they do. This is similar to us where it is very important to keep on writing DD and exposing the corruption within the market. This will allow us to push for DRS and help us narrow down our shareholder resolutions as it is imperative that we create a detailed resolution. He emphasized that when creating resolutions the most detailed are the ones that are more likely to succeed. One of the first things we should do is send a private letter to Gamestop detailing what we would like them to do, much like how Ryan Cohen sent a letter to the board before he started to take control. If there is pushback then we can start going public and pushing for resolutions at the AGM.

If you have any questions you would like asked send them my way and I can email him or set up another meeting.

As we are building out the whydrs database and beginning to form an AIG, I created this letter to help begin advocating. Unions are the perfect organizations to help spread the messaging around an AIG as they already have the structure put into place and some companies even give workers shares. If you would like to learn more about an AIG you can see from my post here

Dear [Insert Union],

I would like to express my support for your union and encourage you to continue the fight against [Insert Company]. I am in full support of achieving large increases in raises and other benefits. One benefit many public companies provide is shares within the company. I would like to raise awareness of the powerful benefits of this and how as a Union you can help revolutionize how workers take charge of companies.

I am part of a movement that is taking on Wall Street and the ownership of companies. We are beginning to form an Activist Investment Group (AIG) and spread messaging around Directly Registering Shares and the importance of shareholder resolutions. An AIG is a group of investors or in your case workers that utilize their share power to restructure corporations in a variety of ways. One such way is by using their shares to change the board of directors. This allows the group a direct voice in decision making in the company and how policies should be made. Most of these activist investor groups have been facing off against climate change in order to change company policy regarding its impact on the environment. I have compiled a small list of Activist investor groups so you can read what they do and the impact they have.

Climate Action 100

SOC investment Group

ShareAction

Follow This

As you Sow

We have compiled a helpful guide on shareholder resolutions at whydrs.org. We have communicated with the SEC chairman Gary Gensler on Direct Registration and sent him this packet.

As a union you have the power of your labor to leverage in deals with the company. What if you were able to use the power of shareholders to continually change policies within companies every year at Annual Shareholder Meetings. At these meetings board members are voted on, policies for the company, and share buy backs. In 2022 $900 Billion worth of shares were bought back. If workers were able to hold shares within the company they will also receive this benefit as many CEOs and board members do.

I am not a financial advisor and none of this is financial advice. I am merely a humble worker who wants to see this world change for the better and one way to do so is fighting back against large corporations. Good luck on all your actions as a union and I wish you all the best.

Here are some helpful links: The Director’s Guide to Shareholder Activism (Harvard)

Shareholder Activist

Proxy Access Reform: The SEC Makes It Potentially Easier for Shareholders to Nominate Directors

SpartanNash, activist investor group sparring over company’s direction

Thank you!

Feel free to use this as a template and edit what you want. To continue down this route of communicating with Unions we will need a list with their companies and contact info. They are a great place especially now as many are striking for better contracts.