Eventually, they developed a strategy combining moral philosophy and public shaming. Once they took aim at a company, they bought the minimum number of shares that would allow them to submit resolutions at that company’s annual shareholder meeting. (Securities laws require shareholders to own at least $2,000 of stock before submitting resolutions.) That gave them a nuclear option, in the event the company’s executives refused to meet with them.
Unsurprisingly, most companies decided they would rather let the nuns in the door than confront religious dissenters in public.
13 November 2011
Link of the day: Nun activism
Activism is important, but I've always found public protesting uncomfortable. So I was happy today to read about nuns who lobby major corporations about social issues. Check out the New York Times article "Nuns Who Won’t Stop Nudging".