Investor Open Letter
In July 2012, a group of investors organized by ESG Shareowner Engagement sent an open letter to the following companies that are members of the American Legislative Exchange Council (ALEC) and/or the Heartland Institute:
For Membership in ALEC and Heartland:
- Altria Group, Inc.
- Anheuser-Busch InBev
- AT&T Inc.
- Comcast Corporation
- Pfizer
- Reynolds American Inc.
- Time Warner Cable
For Membership in ALEC:
- Allergan
- American Electric Power Company, Inc.
- Amerigroup
- Amgen
- AOL Inc.
- AstraZeneca Inc.
- Bank of America Corporation
- Bayer Corporation
- Chevron
- Coventry Health Care Inc.
- Crown Holdings, Inc. (Crown Cork & Seal)
- Diageo plc
- Duke Energy Corporation
- eBay Inc.
- Eli Lilly & Company
- Entergy
- Express Scripts
- Exxon Mobil Corporation
- FedEx Corporation
- General Electric Company
- General Motors Company**
- GlaxoSmithKline
- Honeywell International
- International Paper
- LKQ Corporation
- Marathon Oil Corporation
- Merck & Company, Inc.
- Norfolk Southern Corporation
- Novartis Corporation
- Peabody Energy Corporation
- CenturyLink, Inc. (Qwest Communications)
- Royal Dutch Shell (Shell Oil Company)
- Symantec Corporation
- T-Mobile
- United Parcel Service
- UnitedHealth Group
- Verizon
- Visa Inc.
- Walgreen Co.**
- Yahoo! Inc.
For Membership in Heartland:
- Marathon Petroleum Corporation
- Nucor Corporation
** Both GM and Walgreens announced on July 26, 2012, that they are discontinuing their ALEC memberships.
The investor open letter is available here.