A union-backed investment group is pressuring Amazon.com Inc. (NASDAQ: AMZN), Alphabet Inc. (NASDAQ:GOOG) and Walmart Inc. (NASDAQ:WMT) to disclose how new immigration policies under President Donald Trump could disrupt their operations and long-term value.
Trump’s H1B Fee Sparks Concerns
Proxy advisor SOC Investment Group, which primarily works with pension funds affiliated with the Strategic Organizing Center union, has asked the three companies to explain how they will address workforce disruptions tied to Trump’s proposed $100,000 fee on new H-1B visa approvals, according to a Reuters report.
These companies have been cherry-picked for their outsized exposure to immigration disruptions, being the largest employers of H1B workers in the U.S.
See Also: Trump Just Handed Elon Musk a Long-Sought Victory Over a Powerful Rival
SOC’s executive director, Tej …Full story available on Benzinga.com
UK to ban deepfake AI ‘nudification’ apps
...
Read moreDetails