ACTIVIST INVESTOR TO CHALLENGE MONSANTO CEO AT SHAREHOLDER MEETING
Jan. 30, 2013
Source: Monsanto news release
On Thursday, January 31, 2013, the Monsanto Company officers and shareholders will vote on a shareholder proposal to create a study of "material financial risks or operational impacts" associated with its chemical products and patented genetically modified organisms (GMOs).
Activists in favor of the measure will demonstrate outside the meeting to raise awareness that the public does not currently have the right to witness what will be the only democratic vote of accountability on Monsanto's leadership because the company bans cameras inside their Annual Shareholder Meeting.
WHO: Anti-GMO Food Activists, Adam Eidinger, Monsanto Shareholder
WHAT: Protest at Monsanto Annual Shareholder Meeting
WHERE: Monsanto Global Headquarters, Creve Coeur, MO, East Campus Entrance on Olive Blvd.
WHEN: Thursday, January 31, 2013, Noon to 3:30PM
"Monsanto pledges transparency, but provides very little," says Adam Eidinger, an organic food activist and Monsanto shareholder who organized a march from NY to Washington, DC on behalf of honest food labeling in 2011. For the second year in a row, Eidinger will present a shareholder resolution on behalf of Napa, California-based Harrington Investments (HII) with help from the Pesticide Action Network of North America (PANNA).
"Companies like Starbucks, Walmart, The Washington Post, Oracle, Apple and Coca-Cola among many others provide the public and media access to their shareholder meetings in one form or another, but Monsanto, a company who's patented genetically engineered products are in most people's food, meets in secret," says Eidinger.
Monsanto Company's website has a page titled "Our Pledge" which includes a section that says: "Transparency: We will ensure that information is available, accessible, and understandable." ( http://www.monsanto.com/whoweare/pages/monsanto-pledge.aspx .)
"By banning cameras from their Annual Shareholder Meeting, Monsanto is flouting its pledge to shareholders who are unable to attend, the majority of Americans who eat the products created by Monsanto Company's patented technology, farmers who are keen to know future plans of their seed & herbicide provider, and members of the media who report on the company," says Eidinger.
Last year Eidinger was forced to sneak an undercover camera into the Annual Shareholder Meeting because safe food activists were concerned about Monsanto Company's lack of transparency. The grainy footage has been viewed more than 55,000 times http://www.youtube.com/watch?v=YvMauD9w5B4 "I shouldn't be required to break the rules in order to uphold Monsanto Company's pledge of transparency," says Eidinger.
The shareholder proposal Eidinger will speak for represents one of the strongest signals to date that the Monsanto Company faces growing consumer, legal, and regulatory uncertainties. Public pressure for transparency in the marketplace in the form of GMO food labeling is leading to new battles for Monsanto Company, which spent over $8 million dollars in 2012 to prevent labeling of genetically engineered foods in California.
Next month, on February 19, Bowman v. Monsanto, a landmark case on GMO patent exhaustion, will be argued before the US Supreme Court. If the Supreme Court rules against the Monsanto Company many its patented products face an uncertain future.
The Annual Shareholder Meeting itself is only open to shareholders but concerned citizens will demonstrate outside along Olive Blvd. near the East Campus entrance to Monsanto Company's Creve Coeur facilities beginning at 12:00 noon. The Monsanto Company global headquarters is located at 800 North Lindberg Boulevard in Creve Coeur, MO.
In 2012 there were over 100 demonstrations against the Monsanto Company around the world, including protests on five different Hawaiian Islands, three at Monsanto Company's headquarters in Creve Coeur, Missouri along with 60 others across the US. In Argentina, Japan, Poland, Canada, Peru, Philippines, Spain, and numerous other countries people protested at Monsanto Company offices on September 17, 2012.
Last fall Monsanto and its business allies showed they can subvert the democratic process by spending more than $45 million dollars to spread lies in order to prevent GMO labeling in California's Proposition 37.
Monsanto and other biotechnology & processed food companies outspent their opposition by a factor of 5 to 1. In 2013 numerous states, including Missouri, have pending GMO labeling legislation. Washington State is expected to have a GMO labeling initiative on the ballot later this year. Efforts are already underway in California for a new 2014 labeling initiative.
John Harrington, CEO of Harrington Investments, questions the veracity of Monsanto's GMO crops, "With the rise of Round-Up resistant 'superweeds' the company is simply telling farmers to spray even more toxic herbicides including 2,4 D, the main ingredient in Agent Orange. Many people are struggling to avoid GMO's and chemicals used on them in the food they eat due to serious health and environmental concerns, yet Americans have no right to know what we are eating largely due to the close ties Monsanto has to President Obama's USDA, EPA, and FDA, which have not satisfied more than 1 million Americans who have signed on to the JustLabelIt.org's petition to the FDA."
Adam Eidinger will be available for interview before and after the Monsanto Shareholder Meeting, to which he will drive in a "Label GMO Foods" art car called the Fishycorn Car (http://www.facebook.com/fishycorncargmo)
More information at http://Occupy-Monsanto.com .