Although executives this year are more attuned to grievances, particularly those from employees, Zevin’s proposal has little chance of passing, given that Google’s billionaire co-founders Larry Page and Sergey Brin have more than half the voting power. In opposing the plan, the company said in a filing that it wouldn’t “enhance Alphabet’s existing commitment to corporate sustainability,” noting that Page collects a salary of just $1 a year. A spokeswoman said the firm had no comment beyond the statement in the filing.

Source: Los Angeles Times June 06, 2018 16:52 UTC