GRO Launches Campaign Against Corporate America

6 years 9 months 2 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
COLUMBIA - The 17th annual Partnership Against Hunger collected nearly 12,000 pounds of food and more than $42,000 in monetary... More >>
4 hours ago Tuesday, November 20 2018 Nov 20, 2018 Tuesday, November 20, 2018 11:30:00 PM CST November 20, 2018 in News
MILLER COUNTY - The Miller County Sheriff’s Office conducted a large investigation on November 11 and 12 by the United... More >>
8 hours ago Tuesday, November 20 2018 Nov 20, 2018 Tuesday, November 20, 2018 7:31:00 PM CST November 20, 2018 in News
COLUMBIA - City Manager Mike Matthes announced his resignation Tuesday morning and it has caused a lot of reactions from... More >>
9 hours ago Tuesday, November 20 2018 Nov 20, 2018 Tuesday, November 20, 2018 6:37:00 PM CST November 20, 2018 in News
WASHINGTON DC - Health officials from the Centers for Disease Control and Prevention issued an alert for consumers to avoid... More >>
9 hours ago Tuesday, November 20 2018 Nov 20, 2018 Tuesday, November 20, 2018 6:19:00 PM CST November 20, 2018 in News
JEFFERSON CITY (AP) — Missouri Gov. Mike Parson is renewing a lobbying ban for members of his office. Parson... More >>
10 hours ago Tuesday, November 20 2018 Nov 20, 2018 Tuesday, November 20, 2018 5:46:59 PM CST November 20, 2018 in News
JEFFERSON CITY - Margie Vandeven will be reinstated as the education commissioner of the Department of Elementary and Secondary Education... More >>
11 hours ago Tuesday, November 20 2018 Nov 20, 2018 Tuesday, November 20, 2018 4:49:00 PM CST November 20, 2018 in News
JEFFERSON CITY - On Tuesday afternoon Jefferson City Public Schools announced new administrative staffing appointments for Capital City High School... More >>
11 hours ago Tuesday, November 20 2018 Nov 20, 2018 Tuesday, November 20, 2018 4:02:00 PM CST November 20, 2018 in News
MARSHALL – One Salvadoran family in mid-Missouri could be split up with the end of what is called TPS or... More >>
11 hours ago Tuesday, November 20 2018 Nov 20, 2018 Tuesday, November 20, 2018 3:56:00 PM CST November 20, 2018 in News
CAMDENTON - The Camden County Sheriff's Office identified the victim in Monday's early morning homicide as Derek Ray Harrelson, 34,... More >>
12 hours ago Tuesday, November 20 2018 Nov 20, 2018 Tuesday, November 20, 2018 3:38:21 PM CST November 20, 2018 in News
COLUMBIA - The Columbia City Council approved a $12 million improvement project on Nifong Boulevard at Monday's meeting. The... More >>
12 hours ago Tuesday, November 20 2018 Nov 20, 2018 Tuesday, November 20, 2018 3:09:00 PM CST November 20, 2018 in News
ST. LOUIS (AP) — The sheriff of a rural southeast Missouri county pleaded guilty Tuesday to federal charges for using... More >>
13 hours ago Tuesday, November 20 2018 Nov 20, 2018 Tuesday, November 20, 2018 2:27:00 PM CST November 20, 2018 in News
COLUMBIA - Mike Matthes will resign as city manager, effective Wednesday, the City of Columbia announced in a press release.... More >>
14 hours ago Tuesday, November 20 2018 Nov 20, 2018 Tuesday, November 20, 2018 1:32:00 PM CST November 20, 2018 in News
JEFFERSON CITY - The State Board of Education announced Tuesday that Margie Vandeven will return to her role as commissioner... More >>
15 hours ago Tuesday, November 20 2018 Nov 20, 2018 Tuesday, November 20, 2018 12:44:00 PM CST November 20, 2018 in News
COLUMBIA - A judge sentenced a man to seven years in prison for his role in a robbery in April.... More >>
15 hours ago Tuesday, November 20 2018 Nov 20, 2018 Tuesday, November 20, 2018 12:19:32 PM CST November 20, 2018 in News
JEFFERSON CITY - Police are looking for a man in connection with a shooting early Tuesday morning that left a... More >>
16 hours ago Tuesday, November 20 2018 Nov 20, 2018 Tuesday, November 20, 2018 11:12:00 AM CST November 20, 2018 in News
JEFFERSON CITY - Police identified the victim in Monday's deadly shooting as 19-year-old Nilez R. Nichols. Jefferson City Communications... More >>
17 hours ago Tuesday, November 20 2018 Nov 20, 2018 Tuesday, November 20, 2018 10:43:00 AM CST November 20, 2018 in News
WARREN - A Benton County Sheriff's Deputy is recovering after he shot himself at a gun range Monday night. ... More >>
19 hours ago Tuesday, November 20 2018 Nov 20, 2018 Tuesday, November 20, 2018 8:13:00 AM CST November 20, 2018 in Top Stories
COLUMBIA - It's a similar idea to paying a monthly fee for Netflix or a membership to a gym, but... More >>
1 day ago Monday, November 19 2018 Nov 19, 2018 Monday, November 19, 2018 11:19:00 PM CST November 19, 2018 in News
Columbia, MO
Broken Clouds 32°
4am 33°
5am 33°
6am 32°
7am 32°