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Verizon tries to sweep NSA disclosure proposal under the rug

13
Dec
2013

Last week, ATT sent a letter to the Securities and Exchange Commission saying that it will not disclose information about how it shares private data with the NSA. Reuters reports that Verizon is now taking a similar stance, but rather than challenging the proposal from its own shareholders by taking the necessary steps with the SEC, the wireless carrier plans to skip the vote all together if it can. According to Reuters, proposals with a social agenda have become more common in recent years, especially in light of privacy concerns, and the companies feel pressured to push back. In this case, Verizon has informed the “activist investors” that their proposal has ”procedural deficiencies,” and thus will be excluded from Verizon’s proxy

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