International Business Machines Corporation (IBM)

Red Hat Software, Aspera
Armonk, New York
Cloud & Data Storage, Software and Services, Technology Hardware and Equipment

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

International Business Machines Corporation (IBM) 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, International Business Machines Corporation (IBM), 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. IBM 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. The company 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. America First Legal filed a letter with the EEOC requesting a civil rights investigation into IBM over discriminatory practices in hiring. IBM matches donations to Planned Parenthood and is a corporate partner of the Human Rights Campaign (HRC). IBM funds the Gay and Lesbian Alliance Against Defamation (GLAAD) and regularly uses its brand to back ideological policies. The company is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. IBM opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. The company is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. For these reasons, IBM receives a High Risk rating.

Board Bias

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CEO of International Business Machines Corporation (IBM)

Arvind Krishna

Arvind Krishna

Summary:

Headquartered in Armonk, New York, International Business Machines Corporation (IBM) is a member of the Fortune 250 operating in the Technology Hardware and Equipment industry. Arvind Krishna and Arvind Krishna 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 $1,599,025 to Republican causes and $576,073 to Democratic causes. Under their tenure, International Business Machines Corporation (IBM) currently holds a 'High Risk' risk rating.

Political Contributions of Leadership:

$1,599,025

$576,073

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
4/25/23SocialNational Center for Public Policy ResearchStockholder Proposal Requesting a Public Report on Congruency in China Business Operation and ESG ActivitiesAgainst6.92%
4/25/23SocialJay Stanley Weisfeld TrustStockholder Proposal Requesting a Public Report on Harassment and Discrimination Prevention EffortsAgainst32.42%
4/25/23SocialJohn CheveddenStockholder Proposal Requesting a Public Report on Lobbying ActivitiesAgainst45.11%
4/25/23GovernanceJohn CheveddenPublic Report on Lobbying ActivitiesAgainst48.10%
4/25/23SocialJay Stanley Weisfeld TrustReport on Harassment and Discrimination PreventionAgainst33.10%
4/25/23GovernanceKenneth SteinerIndependent Board ChairmanAgainst25.90%
4/25/23SocialNational Center for Public Policy ResearchReport on Operations in China and ESG ActivitiesAgainst7.10%
4/26/22SocialJay Stanley Weisfeld TrustPublic Report on the Use of Concealment ClausesAgainst64.70%
4/26/22GovernanceKenneth SteinerRequire Independent Board ChairAgainst39.80%
4/26/22GovernanceJohn CheveddenSpecial Meetings - Reduce Ownership Req. to 10%Against35.50%
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