Wells Fargo & Co logo

WFC - Wells Fargo & Co News Story

$45.64 -0.1  -0.2%

Last Trade - 9:10pm

Large Cap
Market Cap £133.64bn
Enterprise Value £300.67bn
Revenue £51.40bn
Position in Universe 54th / 6853

FACTBOX-Companies speak out against Georgia voting restrictions

Thu 1st April, 2021 6:29pm
(Adds ViacomCBS, Bank of America, Wells Fargo, UPS, Hubspot, Accenture, PwC)
    April 1 (Reuters) - Facing criticism for staying largely quiet or being vague about a
new controversial voting law in Georgia, some major U.S. companies came out with strong
statements against the restrictions, which civil rights groups say unfairly target Black
and other racial minority voters.
    Companies including Atlanta-based Coca-Cola and Delta Air Lines were facing boycott
calls, while a campaign from dozens of leading Black executives pushing for corporations
to take a stand added to the growing critical chorus.  urn:newsml:reuters.com:*:nL4N2LT3GN
    Below are statements from various companies and their executives on the Georgia
voting law: 
 Company                         Statement
 Coca-Cola Co  KO.N :            CEO James Quincey called the law "unacceptable" and "a
                                 step backwards." He told CNBC the law is "wrong and it
                                 needs to be remedied." (https://bit.ly/31AmxK7)
 Delta Air Lines Inc  DAL.N :    CEO Ed Bastian blasted the law: "The entire rationale
                                 for this bill was based on a lie: that there was
                                 widespread voter fraud in Georgia in the 2020
                                 elections."  He said the law was "unacceptable", and did
                                 not match Delta's values. (https://bit.ly/2PsD3cD)
                                 It was a course reversal for Delta, which had earlier
                                 praised the law even as it acknowledged having concerns.
 Citigroup Inc  C.N              "As an American, I am appalled by the recent voter
                                 suppression laws passed in the state of Georgia," Chief
                                 Financial Officer Mark Mason said. "I see it as a
                                 disgrace that our country's efforts to keep Black
                                 Americans from engaging fully in our Constitutional
                                 right to vote continue to this day." (https://bit.ly/3rBWT2d)
 Apple Inc  AAPL.O               "Apple believes that, thanks in part to the power of
                                 technology, it ought to be easier than ever for every
                                 eligible citizen to exercise their right to vote. We
                                 support efforts to ensure that our democracy’s future is
                                 more hopeful and inclusive than its past," CEO Tim Cook
                                 said in a statement.
 Microsoft Corp  MSFT.O          Company President Brad Smith said provisions of the law
                                 signed last week "unfairly restrict the rights of people
                                 to vote legally, securely, and safely." (https://bit.ly/2PLJlUB)
 Alphabet Inc  GOOGL.O           "We're concerned about efforts to restrict voting at a
                                 local level and we strongly support the John Lewis
                                 Voting Rights Advancement Act," Google's senior
                                 vice-president of global affairs Kent Walker said. (https://bit.ly/3whFU8S)
 ViacomCBS Inc  VIAC.O           "We unequivocally in the importance of all Americans
                                 having an equal right to vote and oppose the recent
                                 Georgia voting rights law or any effort that impedes the
                                 ability to exercise this vital constitutional right,"
                                 the company said. (https://bit.ly/3sKdgLd)
 Merck & Co Inc  MRK.N           The drugmaker tweeted a statement from CEO Kenneth
                                 Frazier taking a stand on the Georgia law, saying
                                 "Democracy rests on ensuring that every eligible voter
                                 has an equal and fair opportunity to cast a ballot, free
                                 from restrictions that have a discriminatory impact." (https://bit.ly/2QY3jfm)
 American Express Co  AXP.N      CEO Steve Squeri said the company stands "against any
                                 efforts to suppress voting which is a fundamental right
                                 that belongs to all Americans," and was in support of
                                 former CEO's Kenneth Chenault's call for corporations to
                                 take a harder stance against voting restrictions. (https://bit.ly/2PLfewz)
 Bank of America Corp  BAC.N     "Our company's recent, increased commitment to advance
                                 racial equality and economic opportunity is informed by
                                 our belief that we must seek every avenue to overcome
                                 the systemic obstacles to our democratic principles that
                                 have developed over many years. This includes obstacles
                                 to the right to vote," CEO Brian Moynihan said. (https://bit.ly/2QPKnze)
 Wells Fargo & Co  WFC.N         "Wells Fargo supports the right of every American to
                                 exercise their voice by voting... we oppose legislation
                                 that attempts to limit this right or is discriminatory
                                 in nature," the bank said, adding that it supports
                                 making Federal Election Day a national holiday. (https://bit.ly/2PItN3P)
 Cisco Systems Inc  CSCO.O       CEO Chuck Robbins tweeted "Governments should be working
                                 to make it easier to vote, not harder. Ensuring equal
                                 #VotingRights isn't a political issue, it's an issue of
                                 right and wrong." (https://bit.ly/3ugvbth)
 BlackRock Inc  BLK.N            CEO Larry Fink said "BlackRock is concerned about
                                 efforts that could limit access to the ballot for
                                 anyone. Voting should be easy and accessible for ALL
                                 eligible voters. (https://bit.ly/2Oi2Fsc)
 Hubspot Inc  HUBS.N             "The Georgia legislation undermining voters' rights is
                                 in stark contrast to the democracy our country is built
                                 on. And it’s unacceptable," said Dharmesh Shah, Hubspot
                                 co-founder and chief technology officer. (https://bit.ly/3cGqIKE)
 PricewaterhouseCoopers U.S.     "We oppose any changes in election laws that result in
 arm                             suppressing lawful votes, especially given their
                                 historical use to suppress votes of people of color,"
                                 PwC US Senior Partner Tim Ryan said. (https://bit.ly/2QNtWDx)
 Accenture  ACN.N                Accenture is backing the 72 Black executives who have
                                 called for companies to take a stronger stance, CEO
                                 Julie Sweet said. "The Fierce Urgency Is Now in taking a
                                 nonpartisan stand for equality and democracy." (https://bit.ly/31AM45M)
 Home Depot Inc  HD.N            "We believe that all elections should be accessible,
                                 fair and secure and support broad voter participation.
                                 We'll continue to work to ensure our associates, both
                                 in Georgia and across the country, have the information
                                 and resources to vote," the company said in a statement.
 JPMorgan Chase & Co  JPM.N      "We regularly encourage our employees to exercise their
                                 fundamental right to vote, and we stand against efforts
                                 that may prevent them from being able to do so," CEO
                                 Jamie Dimon said in a statement.
 United Parcel Service  UPS.N    "UPS believes that voting laws and legislation should
                                 make it easier, not harder, for Americans to exercise
                                 their right to vote," the company said. (https://bit.ly/3ugygtI)

 (Reporting by Uday Sampath and Manojna Maddipatla in Bengaluru; Editing by Saumyadeb
Chakrabarty and Bernard Orr)
 ((UdaySampath.Kumar@thomsonreuters.com; within U.S.+1 646 223 8780; Twitter: https://twitter.com/sampath_uday
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.