AT&T (DirecTV)
Corporate Bias Rating
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Risk Level:
Summary:
The company which is 70% owned by AT&T, dropped conservative cable networks Newsmax and OANN. However, DirecTV brought Newsmax back on air after pushback and striking a new cable deal with the network. AT&T previously banned advertising on Breitbart News, although the CEO later changed this decision after receiving pushback. The company was involved in a controversy surrounding the cancellation of a Trump campaign texting program, though the company and its industry peers claimed that a third-party anti-spam detection software caused the problem rather than political intervention. AT&T scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, AT&T increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. AT&T forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. DirecTV provides a benefits package for employees which covers travel/lodging costs for an abortion and transgender medical procedures for covered employees and dependents, including children. A&T pledged over $20 million to BLM and related causes and funds the Human Rights Campaign (HRC). It also funds multiple LGBTQ organizations. AT&T is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. The company opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. AT&T has used its political contributions for ideological purposes. For these reasons, AT&T receives a High Risk rating.
Board Bias
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CEO of AT&T (DirecTV)
John Stankey
Summary:
Headquartered in Dallas, Texas, AT&T (DirecTV) is a member of the Fortune 250 operating in the Media and Entertainment industry. John Stankey and William E. Kennard serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $1,541,317 to Republican causes and $2,934,433 to Democratic causes. Under their tenure, AT&T (DirecTV) currently holds a 'High Risk' risk rating.
Political Contributions of Leadership:
$1,541,317
$2,934,433
Republican
Democrat
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
5/18/23 | Governance | Kenneth Steiner | Require an Independent Board Chairman | Against | 34.40% |
5/18/23 | Social | Nathan Cummings Foundation | Report on Racial Justice Impacts/Plan | Against | 21.50% |
5/19/22 | Social | As You Sow | Report on Political Spending Congruency | Against | 44.12% |
5/19/22 | Governance | Kenneth Steiner | Independent Board Chairman | Against | 33.10% |
5/19/22 | Governance | Jing Zhao | Consider Pay Disparity Between Executives and Other Employees | Against | 12.31% |
5/19/22 | Social | National Center for Public Policy Research | Civil Rights and Non-Discrimination Audit | Against | 3.96% |
In the News
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