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Having faced shop floor labor rebellions at multiple warehouses this past year, Amazon is now confronting a new rebellion in the boardroom. Public pension-fund trustees in New York and Illinois are demanding that the company replace two members of its board of directors for failure to rein in skyrocketing injury rates among employees and massive employee turnover.
“The [Amazon] directors responsible for human capital management have utterly failed to do so,” says recently elected New York City Comptroller Brad Lander, who is leading the effort. “We have the belief that Amazon’s success depends on its 1.6 million workers.
As we have heard from workers on the toll the company has taken on their lives and bodies, the company’s response is to union bust. We don’t think this is consistent with the long-term values we have.”
Five New York City pension funds, the New York State Common Retirement Fund, and the Illinois State Treasurer joined the initial launch of the effort. All are long-term Amazon shareholders, with 1.7 million in combined Amazon shares valued at approximately $5.3 billion.
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“The [Amazon] directors responsible for human capital management have utterly failed to do so,” says recently elected New York City Comptroller Brad Lander, who is leading the effort. “We have the belief that Amazon’s success depends on its 1.6 million workers.
As we have heard from workers on the toll the company has taken on their lives and bodies, the company’s response is to union bust. We don’t think this is consistent with the long-term values we have.”
Five New York City pension funds, the New York State Common Retirement Fund, and the Illinois State Treasurer joined the initial launch of the effort. All are long-term Amazon shareholders, with 1.7 million in combined Amazon shares valued at approximately $5.3 billion.
more:

Now Amazon Is Being Challenged in the Boardroom as Well
A campaign by New York and Illinois pension fund leaders, led by New York City Comptroller Brad Lander, aims to pressure the company on its shocking record on workplace safety and high employee turnover.
