GRO Launches Campaign Against Corporate America

6 years 4 months 3 weeks ago Thursday, February 02 2012 Feb 2, 2012 Thursday, February 02, 2012 12:42:00 PM CST February 02, 2012 in News
By: Alexandra Stone
loading

COLUMBIA - Members of Grass Roots Organizing (GRO) and GRO Mizzou gathered outside the downtown Bank of America Thursday to deliver a letter confronting the corporation. 

Around 15 members showed up to hold signs, chant, and deliver their message before signing the letter and presenting it to branch managers.

The group is targeting several American corporations in addition to Bank of America, including Sallie Mae, WalMart, Wells Fargo and Verizon. 

Members want to see these corporations pay more in taxes, create jobs and treat workers fairly, and keep their money out of elections, among other things. 

The group said the campaign will continue over the next several months before the shareholders meeting this spring.  

GRO's letter read as follows:

"Brian Moynihan, Chief Executive Officer
Bank of America
100 North Tryon Street
Charlotte, NC 28255

Dear Mr. Moynihan:

We believe Bank of America can and must become a much more socially and environmentally sound business. Your current path has put your company's bottom line in direct conflict with the bottom line of families and communities all across the country. Too many of Bank of America's practices expand inequality, threaten democracy, and are environmentally unsustainable. Whether foreclosing on a record number of homeowners, injecting corporate money into the political and legislative process, or investing in dirty energy, Bank of America has become a symbol for people's frustration with Wall Street and big banks. The toll this has taken on your reputation is significant, but it doesn't have to be this way.

Bank of America, under your leadership, could become a leader in corporate responsibility.

We are the 99% -­--­- representing hundreds of thousands of workers and retirees, families fighting to save our homes, students, immigrants, small business owners and family farmers. We're writing to let you know that we're coming to your shareholder meeting to raise serious issues about your lending and business practices, and we're coming there as shareholders and stakeholders in your future direction.

The new way forward for Bank of America starts with these steps:

Provide principal reduction to reset the economy: Reduce principal for underwater homeowners to fair market value, especially in communities of color that received your worst and riskiest loans. This will help reset the housing market, pump billions of dollars back into the economy, and create jobs.
Pay your fair share: Pay the statutorily required 35% corporate income tax and stop using
offshore tax shelters and other corporate tax loopholes.
Create jobs and treat workers fairly: Use 50% of corporate cash reserves to create good jobs. Help grow the American economy by investing in small businesses  and supporting the rights of workers to organize.
Pledge to keep your money out of elections: Disclose corporate money in elections to date and pledge to keep all corporate money out of the 2012 and future elections.

Fund the future - not dirty coal, payday lending and private prisons. Stop financing for the coal industry and shift the balance of energy financing to support renewable power generation that is less threatening to our environment and health. Stop funding the predatory payday industry and start financing affordable small dollar loans directly. Stop funding the private prison industry and start financing job creation that builds opportunity and wealth in communities of color. We would like to meet with you to discuss our proposal for how you can lead the way toward the creation of a new Bank of America. To schedule a meeting, please contact George Goehl at 312-­-243-­-3035.

Sincerely:


Sarita Gupta, Jobs With Justice
Rebecca Tarbotton, Rainforest Action Network
May Boeve, 350.org
Leeann Hall, Alliance for a Just Society
George Goehl, National People's Action
Ai-­-Jen Poo, National Domestic Workers Alliance
Tracy Van Slyke/Ilana Berger, The New Bottom Line
Brigid Flaherty, Pushback Network
Rachel LaForest, Right to the City
David Donnelly, Public Citizen Action Fund"

More News

Grid
List
JEFFERSON CITY – The First Presbyterian Church in Jefferson City is kicking off its annual “Food 4 Kids” program Monday.... More >>
1 hour ago Monday, June 25 2018 Jun 25, 2018 Monday, June 25, 2018 7:36:00 AM CDT June 25, 2018 in Continuous News
CAPE GIRARDEAU, Mo. (AP) — Former Missouri Lt. Gov. Peter Kinder has resigned from a leadership position with a federal... More >>
3 hours ago Monday, June 25 2018 Jun 25, 2018 Monday, June 25, 2018 5:29:00 AM CDT June 25, 2018 in News
COLUMBIA - The Columbia Police Department said one person is in custody after a shooting on Rice Road Sunday night.... More >>
8 hours ago Monday, June 25 2018 Jun 25, 2018 Monday, June 25, 2018 1:04:00 AM CDT June 25, 2018 in Top Stories
TIPTON - Some Tipton residents are working together to run their own hog farm. This is in response to... More >>
13 hours ago Sunday, June 24 2018 Jun 24, 2018 Sunday, June 24, 2018 7:46:00 PM CDT June 24, 2018 in News
BEAVER DAM, Wis. (AP) — Sprint car driver Jason Johnson has died following a crash at Beaver Dam Raceway in... More >>
17 hours ago Sunday, June 24 2018 Jun 24, 2018 Sunday, June 24, 2018 3:52:00 PM CDT June 24, 2018 in News
JEFFERSON CITY - A 17-year-old from Jefferson City will be competing at the CrossFit Games in Madison, Wisconsin in August.... More >>
19 hours ago Sunday, June 24 2018 Jun 24, 2018 Sunday, June 24, 2018 2:20:00 PM CDT June 24, 2018 in Sports
(CNN) - Partial results in Turkey's snap elections put President Recep Tayyip Erdogan and his party in the lead, lifting... More >>
19 hours ago Sunday, June 24 2018 Jun 24, 2018 Sunday, June 24, 2018 1:58:00 PM CDT June 24, 2018 in News
COLUMBIA - The Missouri Bikers Against Child Abuse group met with children to discuss past altercations with abusers in their... More >>
1 day ago Sunday, June 24 2018 Jun 24, 2018 Sunday, June 24, 2018 9:04:00 AM CDT June 24, 2018 in Top Stories
COLUMBIA - Power was restored at approximately 9:00 AM CT Sunday morning for most customers in the affected areas. ... More >>
1 day ago Sunday, June 24 2018 Jun 24, 2018 Sunday, June 24, 2018 8:53:00 AM CDT June 24, 2018 in News
COLUMBIA - MU has saved money and reduced emissions through its long-term energy efficiency programs. The university has reduced... More >>
1 day ago Sunday, June 24 2018 Jun 24, 2018 Sunday, June 24, 2018 8:20:00 AM CDT June 24, 2018 in Top Stories
ST. LOUIS - An attorney is suing a nonprofit group connected to former Gov. Eric Greitens for its records. ... More >>
1 day ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 9:52:00 PM CDT June 23, 2018 in News
RIYADH, Saudi Arabia (AP) — Outside a sprawling mall in the Saudi capital, Riyadh, young single men and women walk... More >>
1 day ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 6:21:17 PM CDT June 23, 2018 in News
COLUMBIA - One softball player is setting her team up for success before she leaves for college. On Saturday,... More >>
1 day ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 4:54:00 PM CDT June 23, 2018 in News
COLUMBIA - The discussion on community policing continues to ripple through Columbia after a citywide meeting Saturday. The City... More >>
1 day ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 3:31:00 PM CDT June 23, 2018 in News
KANSAS CITY, Mo. (AP) — Kansas City police are investigating the shooting death of a man near a house in... More >>
1 day ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 3:12:00 PM CDT June 23, 2018 in News
(CNN) -- White House press secretary Sarah Sanders said she was kicked out of a Virginia restaurant by its owner... More >>
1 day ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 2:47:00 PM CDT June 23, 2018 in News
COLUMBIA (AP) — The wife of a former University of Missouri football coach is helping her husband remember the details... More >>
1 day ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 2:18:00 PM CDT June 23, 2018 in News
COLUMBIA – Reaching all generations was the goal of one Columbia woman on Saturday. Cheryl Miller is the president... More >>
1 day ago Saturday, June 23 2018 Jun 23, 2018 Saturday, June 23, 2018 1:03:00 PM CDT June 23, 2018 in News
Columbia, MO
Broken Clouds 71°
10am 75°
11am 77°
12pm 80°
1pm 81°