Posted on 04/11/2006 10:40:29 AM PDT by MplsSteve
STOCKHOLDER PROPOSAL
DISSOCIATION FROM THE 2006 AND ALL FUTURE SO-CALLED "GAY GAMES"
Marcella V. Meyer, M.D., M.P.H, 10416 South Bell Avenue, Chicago, IL, 60043, claiming beneficial ownership of 200 shares of common stock, submitted the proposal set forth below.
RESOLVED:
That in the best interest of our company Kraft Foods Inc. as well as in the public interest, Kraft Foods does hereby disassociate itself from the 2006 and all future so-called "gay games", and that no future financial support be given for the 2006 "gay games" or any other future activities supporting, proselytizing, promoting or encouraging homosexual activity or life style.
Supporting Statement:
• It has been widely reported in the press that Kraft Foods is a major financial sponsor of the summer 2006 "gay games" in Chicago (Crain's Chicago Business, 5/23/05, "Gay Games Will Test Kraft, Harris"), and
• The gay rights movement is not a charitable activity; rather, it is a political movement designed to promote increased acceptance of the homosexual lifestyle, and
(Excerpt) Read more at phx.corporate-ir.net ...
I work with a lot of financial reports everyday and get the chance to see many proxy statements and annual reports. Rarely have I ever seen a shareholder proposal like this.
Kudos to the shareholder who dared put forth this proposal.
Opinions or comments - anyone?
Its the shareholder's right. All others of a similar mind (I am not, I don't really care about Gay Games) who aren't share holders, can boycott Kraft.
Anything else?
Ping!
If I lived in Chicago I know who my choice for physician would be!!
Of course, it's the shareholder's right. There's no question of that. And of course, it's the right of people to boycott Kraft if they want.
This story was put up for news and commentary purposes only.
Anything else?
Where can we find out whether or not the proposal was accepted?
I don't think there's any reason to excerpt this. I'll post the second half of it, which is the Board's recommendation:
(Don't ask...)
So the board recommended a vote against the proposal. Not surprising. The stockholder should immediately propose that Kraft donate a bunch of money to the local Chicago "ex-gay" counseling group. If it's important to "promote diversity" then Kraft should be fair and support both sides.
The Meeting isn't 'til April 24th.
After that, the results may be posted on Fraft's web site or you could probably contact Kraft and ask them for the vote numbers.
True. Very true.
Maybe it's time that conservatives start wielding the "diversity" sword too.
Methinks some of these groups and companies wouldn't like it so much when it's turned against them.
So true. Maybe they could throw a few $$ toward those recovering from the prosperity mininstry churches. .
Foundations and corporations (what to speak of gov't agencies and departments) are larded with homosexuals and their assistants, funneling money and face time to those promoting the "gay" agenda. All outlined 20 years ago in "After The Ball".
This was precisely my reaction. Kraft says diversity in all its forms is important to the company. So what are they doing to support a 501(c)(3) that has the ideals of Free Republic?
Some off color humor opportunity here concerning the packing of certain food items.
Supporting Statement:
- •
- It has been widely reported in the press that Kraft Foods is a major financial sponsor of the summer 2006 "gay games" in Chicago (Crain's Chicago Business, 5/23/05, "Gay Games Will Test Kraft, Harris"), and
- •
- The gay rights movement is not a charitable activity; rather, it is a political movement designed to promote increased acceptance of the homosexual lifestyle, and
- •
- Numerous studies have linked homosexual activity to sexually transmitted diseases. (MMWR, CDC, 8/26/05, "Shigella flexneri Serotype 3 Infections Among Men Who Have Sex With Men—Chicago, Illinois, 2003-2004"). STD's are often followed by sickness and even premature death, especially from AIDS. The gay community is a major contributor to the spread of STD illness, and
- •
- The "gay games" event will be appealing to immature young people attracted by the excitement, fun, and even glamour of the event. Some of these young people are likely to experiment with homosexual behavior as a result of this appeal, and
- •
- Because of the "gay games" sponsorship by our company, Kraft Foods may at some future date be found to be complicit and legally liable in a case in which a young attendee at the "gay games" decides to experiment with homosexual encounters and later develops a serious, even fatal, illness, and
- •
- The economic costs to Kraft Foods Inc. and other businesses in terms of medical care for employees as well as loss of employee productivity caused by sexually transmitted diseases are huge. (perspectives on Sexual and Reproductive Health, Vol. 36, Number 1, January/February 2004. "The direct cost of STDs including HIV among all age groups was estimated to be $9.3 - 15.5 billion in the U.S. in the mid-1990s").
The Board recommends a vote AGAINST this proposal.
The Company is committed to supporting the communities where we live and do business. Last year alone, the Company provided over $85 million in food and financial support to hundreds of non-profit organizations around the world.
The Company's charitable contributions program emphasizes three global focus areas relevant to its business: (a) promote better nutrition and more physical activity, (b) combat hunger and (c) promote agricultural sustainability. In addition, the Company supports local charities and civic events in its home communities, with an emphasis on organizations and events in Chicago, where our headquarters is located.
Diversity in all its forms is important to the Company. Based on a suggestion from one of our employee councils that help promote our awareness of and commitment to diversity, Kraft contributed $25,000 to the non-profit, tax-exempt entity that organizes the Gay Games VII. This will be an eight-day sports and cultural event that the City of Chicago is officially supporting. Other contributors to the event include CNA Insurance, Exelon, Harris Bank, and Walgreen's.
In short, while we understand the Proponent's position, the contribution was one of hundreds of donations that the Company made last year in the Chicago area and was well within the scope of our overall charitable giving program.
For these reasons, the Board recommends a vote AGAINST this proposal, and proxies received by the Company will be so voted unless stockholders specify a contrary choice in their proxies.
The Company's charitable contributions program emphasizes three global focus areas relevant to its business: (a) promote better nutrition and more physical activity, (b) combat hunger and (c) promote agricultural sustainability. In addition, the Company supports local charities and civic events in its home communities, with an emphasis on organizations and events in Chicago, where our headquarters is located.
I guess they promote "more physical activity" by supporting the "gay" games -no agenda here; wink, wink... LOL
Hey-ooooooooooooo!
Okay. Thanks for the info.
An update from Kraft Foods press release & ambiguous treatment of the issue:
With more than 99% of the vote, the nine nominees named in the proxy statement were elected directors, the ratification of the selection of PricewaterhouseCoopers LLP as independent auditors was approved, and the company's 2006 Stock Compensation Plan for Non-Employee Directors was also approved. Additionally, a stockholder proposal regarding Kraft's support of the 2006 Gay Games received less than 1% of the vote and was rejected.
Delusional homosexual activists may herald this as a victory of sorts. Reality however acknowledges it as a mix of apathy and expedience - shareholders who could not bother to vote even if aware... Proxy votes for the homosexual agenda...
Waiting for word... who will be first, FR or AFA?
Voter apathy is correct. It's endemic across the securities industry,.
In this case, it's referred to as broker non-votes.
Every share that is not voted against Management is regarded as a vote in favor OF Management by and at the discretion of management.
It's an industry rule - and a sorry one at that. But we can't entirely blame industry rules.
Complacent and stupid shareholders are to blame for many companies' and their Boards of Directors running amok with little or no supervision.
Sigh...
You know, I want Kraft to focus on what it does best - make food products. Diversity does not make Mac 'n Cheese taste any better.
I suppose if Kraft insists on making a donation to the Gay Games, the next question is do they make donations to events that celebrate the hetero lifestyle...
Clearly the AFA. It will be billed as the war on Mac & Cheese.
I've participated in 19 on behalf of AFA, and they haven't lost one save for Ford, which flipped back for the homosexuals and its not a done deal yet.
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