AT&T shoots down shareholder demands for transparency on law enforcement requests

Last month, institutional investors in AT&T and Verizon asked the two companies begin to issue the kinds of transparency reports popularized by internet businesses like Twitter and Google. Today, AT&T is issuing its response to the request, reports the New York Times, and unsurprisingly, it’s not too excited about the idea. To AT&T, its response to law enforcement requests represent “ordinary business operations,” outside the purview of ordinary shareholders, so it’s excluding the request from the ballot for next spring’s annual shareholder meeting. The policy the company cites is designed to prevent shareholders from “probing too deeply into matters of a complex nature upon which [they]… would not be in a position to make an…

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Source: The Verge - Read the original article here

Author: Daily Tech Whip

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