USAA (United Services Automobile Association)
Corporate Bias Rating
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Risk Level:
Summary:
In 2023, USAA debanked former Trump attorney John Eastman, citing its right to close an account "for any reason without advance notice". Eastman asked about the closures, however, the bank stated that it was their policy not to disclose any further information. USAA 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, the company increases the risk of dividing employees, alienating customers and harming shareholders. The company provides a benefits package for employees which covers transgender medical procedures for covered employees and dependents, including children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. USAA 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. USAA is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional shareholder obligations. USAA is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. For these reasons, USAA receives a High Risk rating.
Board Bias
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CEO of USAA (United Services Automobile Association)
Wayne Peacock
Summary:
Headquartered in San Antonio, Texas, USAA (United Services Automobile Association) is a member of the Fortune 250 operating in the Insurance industry. Wayne Peacock and Vice Admiral James M. Zortman 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 $68,805 to Republican causes and $78,701 to Democratic causes. Under their tenure, USAA (United Services Automobile Association) currently holds a 'High Risk' risk rating.
Political Contributions of Leadership:
$68,805
$78,701
Republican
Democrat
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
5/11/23 | Environmental | Amundi Asset Management | Requesting the establishment within a year of GHG reduction targets | Against | 31.57% |
5/4/23 | Governance | SEIU Master Trust | Report on Lobbying Activities | Against | 29.70% |
5/4/23 | Governance | John Chevedden | Give the Owners of 10% of Common Stock the Power to Call a Special Shareholder Meeting | Against | 22.00% |
5/5/22 | Environmental | As You Sow | Report on 2050 Net-zero Goals and Explain its Current Policies | Against | 28.10% |
In the News
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