A shareholder proposal calling on Verizon Communications Inc. (NYSE:VZ) to report on business risks arising from the company’s opposition to open Internet and network neutrality principles has gained important new support from investors, winning 26.4% of the vote at Verizon’s annual meeting on May 1.
About one-quarter of all Verizon Communications Inc. (NYSE:VZ) shareholder votes were cast in favor of a proposal that asks the company to report on business risks from Verizon’s controversial FCC lawsuit and other actions to oppose open Internet and network neutrality principles.
A shareholder proposal calling upon AT&T Inc. (NYSE – T) to publicly commit to network neutrality principles on its wireless networks attracted important support in initial voting results released today at the company’s annual meeting in Salt Lake City.
First-time investor resolution garners 30% of vote at CenturyTel, 9.2% at EarthLink;
Vote is seen as a signal to other Internet Service Providers