Home
/
RELIGION & LIBERTY ONLINE
/
Religious Activists Bully Companies with ‘Reputational Risk’
Religious Activists Bully Companies with ‘Reputational Risk’
Jan 20, 2026 5:54 AM

Back in the 1960s and ‘70s, those of us of a particular bent loved the word “freedom.” The word was featured in the lyrics of many popular songs of the era, and the case could be made that hippies were called freaks as a pun on their oft-chanted “free” mantra. Heck, there was even a band named Free, which captivated the zeitgeist with a classic song about a man angling for a little “free” love with a woman too savvy to succumb so easily.

Free speech also once was all the rage. Lenny Bruce and George Carlin’s infamous seven words and all that, am I right? So, what happened? When did the hippies, yippies, liberals and progressives transition from fetishizing all things related to freedom to checking under their beds every night for a missing Koch brother?

For me, the recent clampdown on freedom in political speech reared its ugly head with the 2002 McCain-Feingold Act. Also known as the Bipartisan Campaign Reform Act, the law subsequently was gutted by the U.S. Supreme Court’s 2012 Citizens United decision. Since then, bitter tears are shed daily by leftists bemoaning the outcast state of an America where political donors and corporations have a voice in the policies and candidates directly affecting their livelihoods and survival.

Even presumptive Democratic presidential nominee Hillary Clinton is getting in on the act. Clinton has promised to reveal her plan for campaign-finance reform, which may include championing a constitutional amendment to limit political spending. Yet, the Washington Post detects a tinge of hypocrisy in Clinton’s stated agenda:

When The Post asked about the role of Priorities USA Action, a pro-Clinton super PAC currently trying to raise hundreds of millions of dollars to help her campaign, Clinton shrugged her shoulders and said, “I don’t know.”

Then the candidate walked into Fuel Espresso, a coffee shop that advertises it sells “mom’s baked goods from scratch,” for a private meeting with supporters. Clinton’s campaign ad makers, including chief media strategist Jim Margolis and a crew of cameramen, followed her into the shop.

A simple overview of religious activists submitting proxy shareholder resolutions to panies over the past several years reveals what I consider an alarming backlash against freedom of political speech. For example, religious shareholders As You Sow link to an In These Times article written last month by Theo Anderson, in which the author begins:

These are strange days indeed for shareholder activism. By some measures it’s experiencing a surge. Progressive groups have used the strategy since the early1970s, but the past few years have seen an increase in its frequency, sophistication and success. In December, for example, the defense contractor Northrup Grumman announced that it would immediately end its membership in the American Legislative Exchange Council (ALEC), a key player in the push to privatize education and a purveyor of climate-change denial. The move came in response to a shareholder resolution filed by an activist group that owned stock in pany. More panies have withdrawn from ALEC over the past four years, many under shareholder pressure.

Note the quote from John Lennon in the first clause of the opening sentence (“strange days indeed” from the song “Nobody Told Me”), which tilts the reader toward the former Beatles’ hymn to utopianism, “Imagine” and other lefty enterprises. Note also the apocalyptic flavor of the descriptions of two ALEC initiatives. Is an effort to “privatize education” evil in itself? Likewise, describing ALEC as a “purveyor of climate-change denial” makes it sound as if they’re peddling child pornography (purveyor) and claiming the Nazi death camps were a hoax (denial). In other words, some cute phrasing and allusions deployed in the service of propaganda.

Anderson continues:

Conservatives have noted the tactic’s power and potential, and they are sounding the alarm. In a 2011 report on ‘Activist Investing in Post-Citizens United America,’ the right-wing Center for Competitive Politics warns that shareholder activists ‘see for-profit corporations as their political enemy, and seek partisan or ideological advantage by squelching corporate political speech.’…

But for all the reaction it provokes among conservatives, some progressives doubt the power of shareholder activism to deliver genuine structural changes. After all, it relies on pragmatism and ‘constructive engagement’ in dealing with corporations whose core mission progressives often oppose. And there are other limits to its appeal. It doesn’t have the visibility of mass marches and protests, and doesn’t usually achieve quick results.

Amazingly, Anderson presents no counter argument to the charge levied by CCP. Instead, he continues the “power of shareholder activism” narrative:

‘The power we have is the reputational risk,’ says Laura Berry, executive director of the Interfaith Center on Corporate Responsibility (ICCR), which engages with corporations to promote more sustainable and just practices. ICCR’s nearly 300 member organizations have both a moral and financial stake in corporate behavior. They consist mainly of religious institutions (such as the Fond du Lac nuns), but also include pension funds, socially responsible investment firms, unions and academic institutions. ‘Companies don’t like these issues being brought to the attention of all institutional shareholders,’ Berry says. ‘They will often agree to make change so that we will withdraw our proposal and it will not appear on the ballot. And that’s where you see the power of shareholder activism.’…

‘We’re not the kind of activists who are just here to make noise,’ says ICCR’s Berry. ‘And those activists are very important, let me say. But we are folks who do our homework and just plug away and plug away. … It’s not for everybody, but we think it’s an important tool in a multilateral approach to changing some of the world’s most intractable problems.’

Yes, because allowing corporations and individuals the freedom to avoid name-and-shame tactics when supporting causes progressives don’t like is certainly an “intractable problem.” More likely, the left is, as noted by CCP, simply attempting to squelch corporate political speech and shut down operations such as ALEC they don’t like. Similar to the Lothario in the Free song referenced above, it seems the left wants to trick us into believing stifling free political speech is “Alright Now.”

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Money and Moral Absolutes
In medieval Europe merchants would often writeDeus enim et proficuum (“For God and Profit”) in the upper corners of their accounting ledgersorA nome di Dio e guadangnio (“In the Name of God and Profit”) on partnership contracts. These words reflected their authors’ conviction that banking and finance were economically useful endeavors,saysSamuel Greggin this week’s Acton Commentary. Luis Molina and the many other Christians who explored these areas throughout history were not searching for greater marketplace effi­ciencies. Their concern was moral....
Tesla Motors Releases a Car for the Masses That Runs on Coal
Electric cars are not a new invention, nor are they as popular as they once were. (They debuted in 1890 and by 1900 electric cars accounted for around a third of all vehicles on the road.) But over the past decade, thanks to Elon Musk and Tesla Motors, electric cars have e much more interesting. Tesla rolled out the first fully electric sports car in 2008 and a fully electric luxury sedan in 2012. And earlier this month they unveiled...
Rev. Sirico: Pope Francis’s Love Letter to the Family
“What the pope has brought forth is honest, timely and sensitive,” writes Rev. Robert A. Sirico, co-founder and president of the Acton Institute. “Amoris Laetitia explores plicated pastoral situations that any confessor will know all too well: challenges of how weak and fallen people can authentically live the faith.” In the Detroit News, Rev. Sirico discusses Pope Francis’s love letter to the family: The pope’s reflections are aimed at how to make a solid moral discernment in the midst of...
North Koreans face new challenges after they defect
They faced potential starvation, imprisonment, torture, and made a dangerous journey to freedom only to discover new struggles that they never could prehended in their former lives. Stories and reports of North Koreans fleeing their country aren’t particularly unusual. There are dozens of books written by or about North Korean defectors. Last week, thirteen North Koreans who worked for a restaurant fled to South Korea. It’s also been recently reported that a high-ranking colonel from North Korean military’s General Reconnaissance...
Leftist Shareholders Attack Corporate Free Speech
On its website, Trinity Health trumpets its shareholder activism. Based in Livonia, Mich., the Catholic health care provider boasts operations in 21 states, which includes 90 hospitals and 120 long-term care facilities. For this last, Trinity should be lauded. For the first, however, your writer is left shaking his head. Among Trinity’s list of five shareholder advocacy priorities, two stand out: • uphold the dignity of the human person. • enable access to health care. In other words, issues any...
A Papal Revolution
This year marks the 125th anniversary of Pope Leo XIII’s encyclical Rerum Novarum and the beginning of the modern Catholic social encyclical tradition. In this landmark text, Leo courageously set out to examine the “new things” of his time, especially the changes associated with the Industrial Revolution. These included the emergence of an urbanized working class, the breakdown of old social hierarchies, and the rise of capitalism as well as ideologies such as socialism, munism, and corporatism. On April 20,...
Lex Luthor, Capitalist Villain
In an earlier post pared the political economy of superheroes in the DC and Marvel universes. And today I have a piece up at The Stream examining the figure of Lex Luthor, the crony capitalist villain featured in Batman v. Superman: Dawn of Justice. As I write in that piece, Luthor is certainly more than a crony capitalist, but he is not less than one, and it is this corruption of democratic capitalism that serves as a backdrop for his...
4 Reasons to Support School Choice from Pope Francis’s ‘Amoris Laetitia’
Pope Francis’s recently released apostolic exhortation Amoris Laetitiahas received considerable attention because of the issue of divorce munion. But the 60,000+ word document has much more to say about family life than the dissolution of marriage. For example, it provides pelling reasons for all Christians (not just Catholics) to support school choice. The term “school choice” refers to programs that give parents the power and opportunity to choose the schools their children attend, whether public, private, parochial, or homeschool. While...
Audio: Samuel Gregg Revisits Regensburg
Samuel GreggOn Monday evening, Acton Institute Director of Research Samuel Gregg joined host Sheila Liaugminas on Relevant Radio’s A Closer Look to examine Pope Benedict XVI’s Regensburg address as we approach the tenth anniversary of its delivery. Greggemphasizes the fact that our understanding of who God is and what his nature is has important implications for how we understand human liberty and rationality, and argues that as western nations have gradually abandoned the Christian religious principles that formerly undergirded their...
Roundup: Samuel Gregg on Pope Francis and Overpopulation, Pope Leo XIII and Modernity, and Constitutional Conservatism
New articles from the indefatigable Samuel Gregg, research director of the Acton Insitute: Amoris Laetitia: Another Nail in the “Overpopulation” Coffin, The Catholic World Report Here the pope signals his awareness of the efforts of various organizations—the UN, the World Bank, the IMF, the EU, particular US administrations—to push anti-natalist policies upon developing nations. A Revolutionary Pope for Revolutionary Times, Crisis Magazine Between 1878 and 1903, Leo issued an astonishing 85 encyclicals. Many dealt squarely with the political, social, and...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved