The Associated Press reported on May 27th, 2012, that New York State Comptroller Thomas DiNapoli was using the state’s pension fund as a cudgel to influence employers to create company policy to ban discrimination against homosexual or transgendered employees.
Shareholders have the right to present resolutions to companies in an effort to have their voice heard. Often this is done by a group of individuals upset with the company’s performance, perhaps stock prices are not where they were expected to be, or dividends are down.
What DiNapoli is doing is trying to force Exxon Mobil, a U.S. Corporation, to follow the Comptroller’s liberal agenda. Exxon says the measure is unnecessary. The AP quotes Exxon as saying the company already prohibits discrimination of all kinds, referring to itself as a “Meritocracy.”
But DiNapoli wants to add what for him is a feel good policy to the corporation that explicitly focuses on homosexuals and transgendered individuals. He says he has a “double bottom line” for the funds he is entrusted with on the part of all state employees. The income’s important, but so is his social agenda.
In a time of economic uncertainty, shouldn’t his focus be solely on his responsibility to do the best for state pensioners, and not on his own far left agenda?
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