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For Immediate Release
May, 04 2016, 11:15am EDT
Contact:
Bob Master, (917) 657-6483, rmaster@cwa-union.org
Candice Johnson, (202) 434-1347, cjohnson@cwa-union.org
Eliza Bates, (646) 285-8491 or
Rob Duffey, (646) 463-3267, CWAverizon@berlinrosen.com
Verizon Strikers & Allies Prepare Nationwide Protests as Shareholder Unrest Grows
One day before Verizon's annual shareholder meeting, striking workers, including many who own shares in the company, and their supporters prepare for over 400 protests around the nation on Thursday, May 5. At the same time, dozens of Verizon workers will converge outside the shareholder meeting in Albuquerque, where worker-shareholders will fight for proposals to improve Verizon's corporate governance and end the company's short-sighted decision-making.
NEW YORK
One day before Verizon's annual shareholder meeting, striking workers, including many who own shares in the company, and their supporters prepare for over 400 protests around the nation on Thursday, May 5. At the same time, dozens of Verizon workers will converge outside the shareholder meeting in Albuquerque, where worker-shareholders will fight for proposals to improve Verizon's corporate governance and end the company's short-sighted decision-making. The wave of protests comes as workers enter their fourth week on strike because of the company's insistence on offshoring and outsourcing jobs, and as Verizon faces mounting criticism of its problematic decision-making that shortchanges workers and communities.
"I'm going to Albuquerque to look Lowell McAdams in the eye and tell him how his choice to put short-term profits and executive payouts over the good of the company and its workforce is endangering my family and the families of my co-workers," said Don Dunn, a Verizon field technician for 21 years, a shareholder with over 5000 units of Verizon stock, and President of Local 1108. "Until Verizon changes course and starts investing in workers who can provide quality service our customers deserve, support for our strike will only continue to grow."
In Albuquerque, striking workers, other CWA members, and community and labor supporters will protest outside the shareholder meeting at the Oldtown Hotel. Verizon workers will carry banners calling for a fair contract are planning to deliver petitions to Lowell McAdam from 350,000 customers who have grown increasingly frustrated with the company.
On Thursday, Verizon workers with an estimated $1.3 billion in company stock holdings will vote in favor of shareholder proposals to improve corporate governance and accountability. CWA and IBEW members recently shared their recommendations on shareholder proposals with Verizon shareholders across the country who together own more than 60 percent of Verizon's total shares. Proposals, which have been endorsed by large investors like CalPERS and CalSTRS, include requiring that the Board Chair be an independent director and that future severance agreements be subject to shareholder approval.
"Verizon's CEO makes 243 times more than the average worker, while customers in towns up and down the east-coast can't get the quality service the company promised them," said Richard Hesterhagen, a striking Verizon worker in Staten Island, New York, and a shareholder in the company. "Striking workers aren't just fighting to protect good middle-class jobs, we're fighting for a better Verizon that invests in communities, increases access to broadband and closes the digital divide. That's the vision this company needs, not the short-term payouts for executives that the current leadership is promoting."
For the first time, protests and demonstrations are expanding to Verizon wireless stores outside the strike region. More than 400 protests are planned in dozens of cities, including Chicago, Detroit, Memphis, Atlanta, Kansas City, Wichita, Oklahoma City, Austin, Dallas, Indianapolis, Nashville, Knoxville, Miami, San Francisco, Los Angeles, and Sacramento. In New York City, an expected 2,000 workers, supporters and elected leaders will march to a Verizon Wireless store on Wall Street and call for a fair contract.
"Verizon strikers are fighting for the future of every American striving to make a decent living. That's why people are mobilizing at hundreds of protests across the country," said Sarita Gupta, Executive Director of Jobs With Justice, which is helping to coordinate many of the protests. "If companies like Verizon keep funneling all of their profits into executive payouts while sending good jobs offshore, it will become harder for the rest of us to earn a fair return on our work."
The growing calls for change of course at Verizon come as public opinion of the company has declined to a three-year low, according to a recent survey from YouGov. Top economists and financial analysts have been raising concerns about the company's short-sighted business decisions and the long-term impact of the strike. Several investment firms have recently lowered their Verizon ratings, including Jeffries, Scotiabank, Sanford Bernstein and Zacks.
Guide to Shareholder Proposals
Verizon workers are concerned with current executive decision-making, including the impact of the strike forced by management, regulatory investigations into Verizon's infrastructure, broken promises to expand FiOS to communities and excessive executive compensation.
Verizon workers, with an estimated $1.3 billion in stock holdings, will vote in favor of a series of shareholder resolutions at the company's annual general meeting, including:
- Proposal #7, Kenneth Steiner requests to amend company's governing documents to require that the Board Chair be an independent director.
- Proposal #8, the Association of BellTell Retirees seeks shareholder approval of future severance agreements (also known as golden parachutes) that grant executives benefits exceeding 2.99 times their base salary plus bonus. If he was terminated in 2015, CEO Lowell McAdam would have received $40.2 million under the current policy.
- Proposal #9, the International Brotherhood of Electric Workers Pension Benefit Fund requests that the Human Resources Committee require executives to retain 75% of the shares they receive has part of their compensation packages.
- Supporters include: CalPERS
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Groups Warn Biden Ukraine War Shows Attacks on Nuclear Plants 'Could Happen Here'
"The recent catastrophic train derailment in East Palestine, Ohio, and the crash of two Boeing 737 Max jets demonstrate the real-world consequences of inadequate or capriciously enforced safety regulation and oversight. We can't add radiological releases from U.S. nuclear plants to this list."
May 25, 2023
In the wake of another nerve-wracking outage at a Russian-held Ukrainian nuclear energy facility this week, 90 groups and dozens of individuals wrote to U.S. President Joe Biden expressing "grave concerns regarding security at U.S. nuclear power plants."
"We commend and wholeheartedly support your administration's much-needed efforts to make nuclear plants in the Ukraine war zone more secure in the face of daunting political and military challenges," states the letter, spearheaded by Nuclear Energy Information Service (NEIS) and sent to the White House Wednesday. "This work protects not only Ukraine but the entire planet."
"Our concern is that the security of U.S. nuclear power plants does not seem to be receiving a commensurate amount of attention, neither from the U.S. Nuclear Regulatory Commission (NRC), nor the administration," the coalition explained. "Worse, your administration is also seeking to expand the nuclear industry in dangerous ways that compound nuclear plant security threats."
"Attacks on nuclear facilities and other external dangers they face are credible threats and could happen here."
While the letter argues that given the associated security threats, "federal funding should prioritize scaling up renewables, storage, efficiency, and transmission upgrades, so as to phase out nuclear power as quickly as possible," it also calls for immediate action.
"Nuclear plant security MUST begin at home," the groups declared, urging the U.S. government to "learn the lesson" from Zaporizhzhia Nuclear Power Plant (ZNPP) since Russian forces invaded Ukraine early last year—that "attacks on nuclear facilities and other external dangers they face are credible threats and could happen here."
"The recent catastrophic train derailment in East Palestine, Ohio, and the crash of two Boeing 737 Max jets demonstrate the real-world consequences of inadequate or capriciously enforced safety regulation and oversight," the organizations asserted. "We can't add radiological releases from U.S. nuclear plants to this list."
The coalition also sent the president a separate document detailing security concerns and recommendations for U.S. facilities, but the letter highlights the top takeaways:
- The 92 operating reactors and 19 reactors in various stages of decommissioning in the U.S. are vulnerable to sabotage, terrorism, cyberattack, dam breaches, and other threats of a deliberate nature.
- Shipments of spent nuclear fuel to consolidated interim storage facilities (CISFs) are similarly vulnerable.
- NRC nuclear plant security policy is reactive rather than proactive, leaving it up to licensees. The NRC also takes a "hands-off" approach to securing spent nuclear fuel.
- Independent analysis shows this approach has failed, and that as a result, U.S. nuclear plants are not secure.
The coalition is calling on the Biden administration to enforce "enhanced, mandatory security measures for existing nuclear facilities and spent nuclear fuel to make them less vulnerable to attack," at the cost of licensees, not U.S. taxpayers.
The groups' recommendations include changes to storage policies. The letter says that "instead of transporting it to proposed CISFs, most spent nuclear fuel should be stored at reactor sites using hardened onsite storage (HOSS)."
\u201cHoltec International, a private company that builds casks to store nuclear waste, was given a license to store the nation's entire high-level nuclear waste in NM. We spoke with Director of the Rio Grande Chapter of Sierra Club, Camilla Feibelman about it.\nhttps://t.co/vB4TEm4tAe\u201d— KRWG Public Media (@KRWG Public Media) 1684767759
In a statement, Kevin Kamps—a radioactive waste specialist with Beyond Nuclear, which signed the letter to Biden—took aim at Holtec International, a U.S.-based company that owns a proposed New Mexico CISF, has handled spent fuel in Ukraine, and recently signed a contract to deploy small modular nuclear reactors in the war-torn country.
"Holtec's performance in handling spent fuel has been abysmal in Ukraine and similarly abysmal in the United States," said Kamps. "That's one illustration among others that the problem is not limited to Ukraine, and that U.S. nuclear plants are subject to security threats we need to start addressing."
NEIS director Dave Kraft asked, "What sense does it make to send tens of millions of dollars to Ukraine to enhance security and safety, when our own 92 operating reactors and 90,000 tons of high-level radioactive wastes are not secure?"
"What sense does it make to sprinkle the next-generation micro- and mini-nuke reactors around the nation and the world, boasting they can be mobile on flatbed trucks or housed in factories or Walmarts, when it is daily demonstrated that silent drones are capable of turning heavily armored tanks and military vehicles into shredded heaps of burning metal?" he added. "This is the real world nuclear power now exists in, and this administration is not prepared to provide the safety and security necessary for it to survive."
\u201cThe United Nations\u2019 nuclear watchdog is pushing for a last-minute agreement to secure Ukraine\u2019s huge atomic power plant in Zaporizhzhia ahead of a counteroffensive that could see\u00a0Kyiv\u2019s forces drive directly through the potentially hazardous facility.\nhttps://t.co/hcErCVkWZ8\u201d— Nukes of Hazard (@Nukes of Hazard) 1684872110
On Monday, for the seventh time since the Russians took control of ZNPP last year, Europe's largest nuclear facility was fully disconnected from Ukraine's electricity grid and had to rely on backup diesel generators. The outage lasted over five hours.
Reutersreported that a "Russia-installed local official said Ukraine had disconnected a power line and Ukrainian state nuclear energy company Energoatom said the problem was caused by Russian shelling."
Rafael Mariano Grossi, director general of the International Atomic Energy Agency, said Monday's incident "demonstrates the highly vulnerable nuclear safety and security situation" at the facility and reiterated that "this simply can't go on."
"We're playing with fire. We must act now to avoid the very real danger of a nuclear accident in Europe, with its associated consequences for the public and the environment," he added. "I'm continuing to engage in intense negotiations with all the involved parties to secure the protection of the Zaporizhzhia Nuclear Power Plant. I will not stop until this has been achieved."
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Summer Lee's First House Bill Would Guarantee Hazard Pay for Frontline 'Healthcare Heroes'
"Every time disaster strikes, our healthcare workers show up for us—even when it means putting their own lives at risk. It's time we show up for them with pay and protection, not just bells and whistles."
May 25, 2023
In her first piece of House legislation, Democratic Pennyslvania Congresswoman Summer Lee on Thursday introduced a bill that would provide hazard pay, protective gear, and transportation for essential U.S. healthcare workers.
The Hazard Pay for Healthcare Heroes Act—co-sponsored by Reps. Ro Khanna (D-Calif.) and Barbara Lee (D-Calif.), with a companion bill introduced in the upper chamber by Sen. Ed Markey (D-Mass.)—would empower the Department of Health and Human Services to authorize hazard pay of up to $13 per hour or $25,000 annually per worker.
The bill would also implement additional safety measures, including the provision of personal protective equipment and alternative transportation, for essential healthcare professionals and supporting services during emergencies and natural disasters.
"We need bold action starting with the Hazard Pay for Healthcare Heroes Act to protect our healthcare workers, patients, and communities they care for."
Lee's bill is endorsed by groups including SEIU Health Care Pennsylvania, American Federation of Teachers, American College of Nurse Midwives, and the National Hispanic Medical Association.
"I've been fighting for fair wages and safe conditions for our hospital workers from my time as an organizer and state legislator all the way to Congress," Lee said in a statement. "Every time disaster strikes, our healthcare workers show up for us—even when it means putting their own lives at risk. It's time we show up for them with pay and protection, not just bells and whistles."
\u201c\ud83d\udea8Today, I'm introducing my first bill!\ud83d\udea8\n\nEvery day, #HealthCareHeroes show up for us, even when it means putting their own lives at risk. \n\nI'm introducing the Hazard Pay for Health Care Heroes Act alongside @SenMarkey to ensure critical funding for hazard pay & safety!\u201d— Congresswoman Summer Lee (@Congresswoman Summer Lee) 1685028224
During the early months of the Covid-19 pandemic, masks and other protective equipment for healthcare workers was often in short supply.
In addition to an elevated risk of contracting Covid-19, healthcare workers often endured grueling work schedules,
post-traumatic stress disorder, depression, anxiety, and other physical and mental health challenges.
"With public health and environmental crises from pandemics and train derailments to climate-driven disasters becoming more frequent and more dangerous, we need bold action starting with the Hazard Pay for Healthcare Heroes Act to protect our healthcare workers, patients, and communities they care for by providing the hazard pay and safety tools they need to continue to keep our loved ones safe during emergencies," Lee said.
"Healthcare workers are on the frontlines of our nation's dual public health and climate crises."
Markey said that "healthcare workers are on the frontlines of our nation's dual public health and climate crises, treating and tending to communities hit hardest by extreme weather and environmental disasters."
"These heroes deserve more than our gratitude—they deserve better pay and stronger protections," he added. "I am proud to join Rep. Lee in introducing the Hazard Pay for Healthcare Heroes Act to ensure healthcare workers who are responding to these emergencies are provided hazard pay and given the safety tools necessary to protect patients and themselves."
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Among the GOP's Debt Ceiling Hostages? Social Security Payments for Oldest Americans
"Every option on the table from the MAGA House majority leaves millions of vulnerable seniors worse off—either extreme cuts against seniors' health and food security, or a manufactured default crisis that delays Social Security checks."
May 25, 2023
As the U.S. edges closer to a self-inflicted economic disaster whose most immediate cause is House Republicans' refusal to raise the debt ceiling unless President Joe Biden agrees to slash social programs and give the fossil fuel industry more handouts, the earliest potential victims of the GOP's hostage situation—which could provoke the nation's first-ever default as early as June 1—are coming into view.
"Seniors nationwide are on the frontlines of the fight to raise the debt ceiling, because if the federal government can't make a June 2 payment slated for Social Security recipients, the oldest beneficiaries—those over 88—and people with disabilities will be the first to suffer," The Washington Postreported Wednesday amid ongoing negotiations. "Roughly $98 billion worth of benefits, including Medicare, Medicaid, and military and civil retirement payments, are scheduled to go out in the first two days of June, according to an analysis by the Bipartisan Policy Center."
"Social Security benefits are distributed four times a month, but the earliest round of payments go to retirees older than 88 years, as well as people with disabilities and seniors with especially low incomes—and less than $2,000 in assets—who are eligible for Supplemental Security Income (SSI)," the Post noted. "Even a weeklong holdup, economists say, could be devastating for the roughly 27 million Americans who rely on Social Security for most of their income. Food insecurity and poverty rates will almost certainly rise, and people will probably forgo medical treatments, as families struggle to make do without necessities."
"There's no fallback if these checks are late," Kathleen Romig, director of Social Security and disability policy at the Center on Budget and Policy Priorities, told the newspaper. "These are people who are literally not allowed to have emergency savings."
Progressives have long accused House Republicans, who know full well that failing to increase the federal government's arbitrary and arguably unconstitutional borrowing limit prior to the quickly approaching default "X-date" would unleash devastating impacts domestically and globally, of weaponizing the nation's credit rating to advance their reactionary agenda. With a five-seat House majority and the ability of any party member to introduce a motion to remove the speaker—a rule the far-right Freedom Caucus secured in exchange for electing Rep. Kevin McCarthy (R-Calif.) to the role—the GOP has significant leverage over the fate of the U.S. and world economy.
Earlier this week, Rep. Matt Gaetz (R-Fla.) admitted that his party, led by the House Freedom Caucus to which he belongs, is exploiting the ongoing standoff in a bid to gut the nation's already meager welfare state and weaken its embryonic climate policies.
Referring to the austerity-or-default bill House Republicans approved last month, Gaetz told reporters, "My conservative colleagues for the most part support Limit, Save, Grow, and they don't feel like we should negotiate with our hostage."
\u201cMatt Gaetz says that Republicans "don\u2019t feel like we should negotiate with our hostage."\n\nWho is that hostage?\n\nSocial Security \u2014 and everyone who relies on it.\u201d— Social Security Works (@Social Security Works) 1685026405
Soon after the passage of the Limit, Save, Grow Act, the White House abandoned Biden's earlier refusal to hold debt ceiling negotiations and began signaling its openness to certain GOP proposals, only for McCarthy to make even more extreme ransom demands and constantly move the goal posts.
As the Post reported: "Republicans in Congress have maintained that they don't want to cut Social Security benefits, though at least one recent budget blueprint calls for raising the eligibility age for full retirement from 67 to 70 to account for longer life expectancies. The GOP has also proposed a host of cuts and additional work requirements for other federal benefits, such as Medicaid and food stamps, that experts say would have an outsize impact on the country's seniors."
In a Thursday statement, Accountable.US spokesperson Liz Zelnick said that "every option on the table from the MAGA House majority leaves millions of vulnerable seniors worse off—either extreme cuts against seniors' health and food security, or a manufactured default crisis that delays Social Security checks many can't live without."
Biden and House Republicans have yet to reach an agreement. According to Thursday reporting from The Associated Press on the contours of a possible deal, the GOP may abandon its demand to further boost military spending in favor of maintaining the already historically high levels proposed by Biden, while Biden may agree to roll back Internal Revenue Service (IRS) funding if the GOP lets his administration funnel that money into the social safety net.
The fact that Capitol Hill's deficit hawks are eager to attack the poor but don't support reducing the ever-expanding Pentagon budget or hiking taxes on corporations and the rich to increase revenue exposes the "fraudulent" nature of their current crusade, journalist David Sirota tweeted.
Rescinding the recently enacted IRS funding boost would help wealthy households evade taxes, adding an estimated $114 billion to the federal deficit. Meanwhile, House Republicans are reportedly working on legislation that would make permanent certain provisions in the 2017 Tax Cuts and Jobs Act, a Trump-era law whose benefits have flowed overwhelmingly to the top 1% while adding hundreds of billions of dollars to the deficit.
On Thursday, Rep. Rashida Tlaib (D-Mich.) sounded the alarm about House Republicans leaving the Capitol with no debt limit agreement reached just days before the X-date.
\u201cWe are days away from Republicans hurtling our economy towards a devastating default on our debt for the first time in American history and @SpeakerMcCarthy just sent everyone home.\u201d— Congresswoman Rashida Tlaib (@Congresswoman Rashida Tlaib) 1685036582
Tlaib, a member of the Congressional Progressive Caucus (CPC), was echoing warnings made Wednesday by CPC Chair Pramila Jayapal (D-Wash.) and Deputy Chair Ilhan Omar (D-Minn.), both of whom said that some Republicans are eager to create an economic crisis because they think it would help their electoral chances next year.
Notably, the latest episode of fiscal brinkmanship could have been avoided had Democrats listened to Sen. Elizabeth Warren (D-Mass.) and other progressives who called on the party to raise the debt ceiling—or abolish it altogether—when it still controlled both chambers of Congress last year.
Corporate Democrats refused to act during the lame-duck session despite Warren's warning that GOP lawmakers desperate to win the White House in 2024 will "blow up the economy" and run ads blaming Biden for it.
A growing number of congressional lawmakers—including prominent progressives such as Sen. Bernie Sanders (I-Vt.)—have implored Biden to invoke his 14th Amendment authority to unilaterally avert a default, an option the president has thus far resisted.
On Thursday, Social Security Works and Indivisible led more than 30 progressive advocacy groups in urging Biden to take executive action to disarm the debt ceiling.
\u201cIf the GOP insists on catastrophic cuts or a disastrous default, President Biden should prepare to act using the 14th Amendment to protect working families. Read our letter w/ @SSworks \ud83d\udc47\ud83d\udc47\u201d— Indivisible Guide (@Indivisible Guide) 1685032177
"The choice facing the executive branch is clear: Act or default; act or increase the suffering of millions; act or go into economic tailspin," says the letter. "If Republicans in Congress prove unwilling or unable to produce the votes for a bill that avoids default without catastrophic cuts to critical programs, it will fall to you to protect working families from their economic sabotage."
"You have promised to prevent a default, without granting legitimacy to the legislative hostage-taking being undertaken by congressional Republicans," the letter concludes. "Fortunately, the 14th Amendment provides a clear route for you to deliver on that promise. We will stand with you should that route prove necessary."
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