Holy Land Principles Resolution-izes Four More Companies

Holy Land Principles Resolution-izes Four More Companies

                                  Forces recognition of the elephant in the (board) room

CAPITOL HILL. Wednesday, May 11, 2017— Four major American companies that do business in Israel/Palestine have recently been presented with shareholder resolutions regarding their fair employment in that area.

The Capitol Hill-based Holy Land Principles, Inc. presented shareholder resolutions/proposals asking Boeing, Pepsi, UPS and Marriott [Hotels] International to “sign”/implement the 8-point set of Holy Land Principles— a corporate code of conduct for American companies doing business in Palestine/Israel.

The Holy Land Principles are pro-Jewish, pro-Palestinian and pro-company. The Principles do not call for quotas, reverse discrimination, disinvestment/divestment or boycotts—only for fair employment by American companies doing business in the Holy Land.

Both Pepsi and UPS were presented with the same resolution last year.

Fr. Sean Mc Manus— President of the Capitol Hill-based Holy Land Principles, Inc. and Irish National Caucus— explained: “We have coined the word “ Resolution-ized”  to hammer home an important truth. For the first time in history, American companies doing business in Palestine/Israel- Israel/Palestine are being challenged on their record of fair employment. It is the very first time Shareholder Resolutions on fair employment have been submitted, which is of real significance. Isn’t it extraordinary that this had never been done before? Imagine, 542 of the top American companies doing business over there, and their fair employment record escaped all scrutiny by American shareholders, consumers and stakeholders! But, of course, the same myopia prevailed regarding American companies in Northern Ireland until we launched in 1984 the Mac Bride Principles— on which the Holy Land Principles are based. And, then, the Mac Bride Principles changed the entire fair employment dynamic in Northern Ireland. The Holy Land Principles can do the same in Palestine/Israel-Israel/Palestine.”

Fr. Mc Manus added: “Next year,Holy Land Principles will present all four companies  with a resolution on them to disclose the breakdown of its workforce there using the nine job categories which are utilized in the U.S. Department of Labor’s EEO-1 Report (Equal Employment Opportunity): 1. Officials and managers; 2. Professionals; 3. Technicians; 4. Sales; 5. Office and clerical; 6. Craft Workers (skilled); 7. Operatives (semiskilled); 8. Laborers (unskilled); 9. Service workers.”

Below is an analysis of the four votes.

Boeing. Chicago, IL. May 1, 2017
The Holy Land Principles resolution received over 12 Millionabstentions.
At the close of business on May1, 2017, the share value of Boeing was $182.39. So, the value of the share votes for Holy Land Principles represented over 2 Billion dollars ($2,293,501,539.75).
The value of abstentions was over 4 Billion dollars ($4,444,163,255.74).
Therefore, the combined total money not supporting Boeing was over 6 Billion dollars ($6,737,664,795.03), and, therefore, a total of 36, 940,977 votes not supporting Boeing.
 
Pepsi. New Bern, NC. May 3, 2017 (Second presentation)

The Holy Land Principles resolution received over 29 Million votes 29,376,403 (3.19%), with 76,474,772 abstentions. At the close of business on May3, 2017, the share value of PepsiCo was $111.79. So, the value of the share votes for Holy Land Principles represented over 3 Billion dollars ($3,283,988,091.37). The value of abstentions was over 8 Billion dollars ($8,549,114,761.88). Therefore, the combined total money not supporting
PepsiCo was over 11 Billion dollars ($11,833,102,853.25), and, therefore, a total of 105,851,175 votes not supporting Pepsi.

UPS. Wilmington, DE. May 4, 2017 (Second presentation)

The Holy Land Principles resolution received over 88 Million votes, 88,529,398   (5.6%) with 112,424,446 abstentions. At the close of business on May 4, 2017, the share value of UPS was $107.05, so the value of the share votes for Holy Land Principles represented over 9 Billion dollars ($9,477,072,055.90). The value of abstentions was over 12 Billion dollars ($12,035,036,944.30). Therefore, the combined total money not supporting UPS was over 21 Billion dollars ($21,512,109,000.20), and, therefore, a total of 1,579,985,540 votes not supporting UPS.
 
Marriott [Hotels] International. Washington, DC. May 5, 2017
The Holy Land Principles resolution received over 79 Million votes 79,599,610
(2.6%) with 102,951,400 abstentions. At the close of business on May 5, 2017, the share value of Marriott was $97.05, so the value of the share votes for Holy Land Principles represented over 7 Billion dollars (7,725,142,150.50).  The value of abstentions was over 9 Billion dollars (9,991,433,370).  Therefore, the combined total money not supporting Marriott was over 17 Billion dollars ($17,716,575,520.50), and, therefore, a total of 182,551,010 votes not supporting Marriott.
 
Note on Pfizer Resolution: The Holy Land Principles resolution  before Pfizer ( Short Hills, NJ. April 27, 2017), unfortunately had to be withdrawn when the presenter fell sick at the last moment.

END.


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