Bristol Myers Squibb
Corporate Bias Rating
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Risk Level:
Summary:
Bristol Myers Squibb (BMS) fired multiple employees who refused to get Covid-19 vaccinations due to religious reasons. BMS settled with those employees after a wrongful termination lawsuit. BMS 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, BMS 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. BMS 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. BMS 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. It is also a corporate partner of Out & Equal and the National LGBT Chamber of Commerce. BMS supports the Equality Act and is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. For these reasons, Bristol Myers Squibb receives a High Risk rating.
Board Bias
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CEO of Bristol Myers Squibb
Chris Boerner, Ph.D.
Summary:
Headquartered in New York, New York, Bristol Myers Squibb is a member of the Fortune 250 operating in the Pharmaceuticals Biotechnology and Life Sciences industry. Chris Boerner, Ph.D. and Giovanni Caforio, MD 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 $180,751 to Republican causes and $81,511 to Democratic causes. Under their tenure, Bristol Myers Squibb currently holds a 'High Risk' risk rating.
Political Contributions of Leadership:
$180,751
$81,511
Republican
Democrat
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
5/2/23 | Governance | Kenneth Steiner | Require the Chairman of the Board to be an Independent Director | Against | 31.80% |
5/2/23 | Governance | John Chevedden | Reduce the Number of Shares Required to Call a Special Meeting | Against | 5.90% |
5/2/23 | Social | National Center for Public Policy Research | Commission an Audit Analyzing the Impacts of Diversity, Equity, and Inclusion Policies | Against | 1.60% |
5/3/22 | Governance | Mercy Investment Services | Independent Board Chair | Against | 44.58% |
5/3/22 | Governance | Kenneth Steiner | Special Meetings - Reduce Ownership Req. to 10% | Against | 34.33% |