Home
/
RELIGION & LIBERTY ONLINE
/
Activist Shareholders Are Cereal Killers
Activist Shareholders Are Cereal Killers
Jun 24, 2025 8:06 PM

The 2013 proxy shareholder season is over, resolutions debated into their respective win/loss columns and reports filed. This hasn’t stopped those shareholder Godflies – the clergy, nuns and other religious on the left – from firing the first salvos for 2014 corporate battles. Among panies targeted for the initial fusillade is General Mills Inc., purveyor of such perceived market atrocities as the Cheerios breakfast cereal and Yoplait yogurt. Specifically, pany’s packaging practices and use of genetically modified organisms e under fire

Mind you, your writer has nothing against reasonably priced foods as part of a healthy, affordable breakfast. In fact, Cheerios was a “get-up-and-go” staple of this former farm boy’s life. Continuing the trend, a bag of those little grainy nuggets of morning goodness served church going well by quieting my rambunctious toddlers during innumerable Sunday masses. I do, however, rankle when so-called “religious” activists employ bad science to drive up food prices for those least able to afford it, especially families with young children.

As You Sow, a nonprofit shareholder advocacy group allied with such Godflies as the Interfaith Center on Corporate Responsibility and “social responsibility investment” firms Walden Asset Management and Trillium Asset Management presented a resolution to General Mills this past month that would have required pany to implement “extended producer responsibility” for packaging waste. Apparently, it’s incumbent upon pany to ensure cereal boxes and yogurt cups are recycled once consumers empty them.

Additionally, AYS this week announced it is pressuring General Mills on behalf of its shareholders to label foods derived from GMOs. AYS and the Green America nonprofit environmental advocacy group want General Mills to sit out the November Washington state ballot referendum that would panies label GMO foodstuffs. General Mills, based in a suburb of Minneapolis, reportedly spent $1 million to defeat a similar referendum in California in 2012.

Imagine, shareholders of pany pressuring that pany to stifle its voice in an election directly impacting its bottom line and negatively affecting the stock value of the majority of pany’s shareholders who don’t agree with AYS and Green America on the use of GMOs. General Mills Chief Executive Officer Ken Powell has surmised correctly that such labeling will frighten uneducated consumers from purchasing pany’s cereals.

As for the packaging kerfuffle, the AYS resolution reads: “BE IT RESOLVED THAT Shareholders of General Mills request that the board of directors issue a report, at reasonable cost and omitting confidential information, pany responsibility for post-consumer product packaging and a plan for developing and participating in a system that will greatly increase packaging recycling.” This resolution was introduced three years after General Mills launched a pilot program to educate consumers about recycling #5 plastic used in Yoplait yogurt packaging.

AYS quotes the U.S. Environmental Protection Agency as asserting only 15 percent of #5 plastic containers are recycled, with the remainder winding up in landfills. Why #5 plastic – also known as polypropylene – is perceived as a problem that must be solved by General Mills at its shareholders’ expense rather than by the households who purchase the product isn’t stated. Nor does AYS present any scientific evidence that use of corn, soybean and sugar beets grown from GMO seeds present health risks when federal regulators have determined them to be safe enough to use without special labeling.

But the Godflies at AYS will not be deterred. They continue to act on ill-informed impulses at the expense panies such as General Mills, its shareholders and, most important, the pocketbooks of consumers who buy their products.

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
Ex Ante vs. Ex Post Government Action
I haven’t started Marvin Olasky’s new book yet, but here’s a bit from the abstract of a new NBER paper, “Rules Rather Than Discretion: Lessons from Hurricane Katrina,” by Howard Kunreuther and Mark Pauly. Speaking of property owners who suffer severe damage and don’t have the resources to rebuild: To avoid these large and often uneven ex post expenditures, we consider the option of prehensive private disaster insurance with risk based rates. It may be more efficient to have an...
Subsidiarity Inverted
Jeff Mirus of CatholicCulture.org flogs an address by Capuchin friar and dean of theology at St. Mary’s Seminary and University in Baltimore, Father David Couturier. I share Mirus’s assessment that “one is at times unsure exactly what Fr. Couturier means,” but some of his points do seem at odds with the vision of charity articulated by, for example, Benedict XVI in Deus Caritas Est, as Mirus points out. Especially perplexing is Couturier’s statement concerning the role of Capuchin Franciscans in...
How a Missional Perspective Changes Culture
The only way that culture can be truly changed, in terms of the gospel, is by movements of the Spirit that are birthed in congregational life. The Christian Right thinks that it can alter culture by direct partisan political pressure led by media personalities and tried-and-true techniques. They could not be more sadly mistaken. The failure of this approach is self-evident over the course of the past six years. The late missional theologian Lesslie Newbigin understood this well when he...
The Perfect, the Enemy of the Good
Voltaire had a saying: “The perfect is the enemy of the good,” or, “Le mieux est l’ennemi du bien.” It’s often repeated, especially in public policy circles, that the perfect the enemy of the good, implying that you should favor the realistic good that can be done rather than the unattainable perfect ideal. And now you know why. Because “good” beats “perfect” in a Google Fight, and by a rather handy margin. HT: Seth’s Blog, pares “unique”, “best”, and “finest”....
Abolish the FDA?
An interesting debate is going on over at Mere Comments. The main thread has to do with the morality of the Bush Administration’s approval of over-the-counter sales of the morning-after pill and the implications for Pennsylvania’s U.S. Senate race. Leaving those issues aside, I was struck by ment from “Daniel C.”, claiming that the problem really presents an “excellent case for dismantling the Food & Drug Administration.” It’s a question worth raising. I don’t know enough about the history or...
From the ‘Well, Duh!’ Department
“A human brain trapped inside a mouse’s body — not a good idea,” says Anjana Ahuja in the UK Times. Not convinced? Check out this piece of mine over at BreakPoint, “A Monster Created in Man’s Image.” ...
The Marketer’s Morality
Seth Godin issued a call recently for marketers to take stock of their trade and embrace the moral aspects of their industry: “You’re responsible for what you sell. When you choose to sell it, more of it gets sold.” I particularly like how Godin emphasizes personal responsibility. This is something that is not unique to a particular profession, of course, and is therefore a reality that constantly needs to be reiterated. “As marketers, we have the power to change things,...
Rendering to Caesar, God, and MasterCard
A press release from the National Association of Consumer Bankruptcy Attorneys, linked over at WorldMagBlog, claims that the bankruptcy reform legislation passed last year is being “reluctantly” interpreted by the United States Bankruptcy Court for the Northern District of New York to mean that “those going through bankruptcy may not tithe to their church or make other charitable donations … until after they have paid off credit panies and other creditors. Before the new law went into effect, bankruptcy court...
Francis Collins – A Believer Looks at the Human Genome
Christian geneticist and author (The Language of God: A Scientist Presents Evidence for Belief, Simon & Schuster Trade Sales) Dr. Francis Collins is the Director of the National Institutes of Health (NIH) National Human Genome Research Institute and head of the Human Genome Project. Recently he was the keynote speaker at the 61st Annual Meeting of the American Scientific Affiliation, a group of Christian geneticists, chemists and other scientists. Over the past week I transcribed his lecture from the audio...
Evangelicals and the Brave New World: Why Natural Law Can No Longer Be Ignored
In the Introduction to an important new book by J. Budziszewski that engages four distinct traditions of evangelical political thought, Michael Cromartie observes: “While appreciative of the contributions of each of these thinkers [Carl Henry, Abraham Kuyper, Francis Schaeffer, and John Howard Yoder], Budziszewski finds fault with each, to a greater or lesser degree, for failing to develop a systematic political theory pelling as those offered by the secularist establishment. He suggests that evangelical political thought would be improved if...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved