Hide Techdirt is off for the long weekend! We'll be back with our regular posts tomorrow.

SEC: Microsoft Not Forced To Explain Position On Net Neutrality

from the shareholder-democracy dept

This summer we noted that a mutual fund, whose managers opposed net neutrality regulations, had bought shares in Microsoft for the express purpose of forcing the company to explain its position on the issue (Microsoft stood in favor of the regulations). It was just one of the many silly PR stunts associated with the net neutrality debate. Microsoft opposed the fund’s demands, and now the SEC has ruled in the company’s favor, saying it has no obligation to address the issue in the company’s proxy. This fund wants to appeal the ruling, but in all likelihood the ruling will stand, as it should. If public companies had to take time to address an issue every time a politically motivated firm buys a token number of shares in the company, it could become a major burden. Then again, maybe companies would get less involved in policy issues, which might be a good thing.

Rate this comment as insightful
Rate this comment as funny
You have rated this comment as insightful
You have rated this comment as funny
Flag this comment as abusive/trolling/spam
You have flagged this comment
The first word has already been claimed
The last word has already been claimed
Insightful Lightbulb icon Funny Laughing icon Abusive/trolling/spam Flag icon Insightful badge Lightbulb icon Funny badge Laughing icon Comments icon

Comments on “SEC: Microsoft Not Forced To Explain Position On Net Neutrality”

Subscribe: RSS Leave a comment
Anonymous Coward says:

ICANN should stay as it is. There isn’t too much government interference (except for .xxx) and with any luck there won’t be any more.

Putting it in control of the UN just means other opportunistic countries will then have control of it. I’d rather have one opportunitistic country then a handful in control of my internet any day.

ack II says:

Don’t let any Country have a say so in this. Once you give them a inch they will take a mile. Before you know it, no one will use the net unless they have too. Who wants big brother breathing down their neck? We will loose our entertainment, our freedom to roam, and our freedom of speech. We will loose our vast information highway. Who wants to keep you informed if the info you put on the net is biased, and controlled. The only ones that will use the Net then will be the ones doing the controlling, and the idiots, and those that have a “don’t care” attitude.

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...