Net Neutrality Links

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What’s Microsoft Afraid Of?

Reuters reported last week that the Free Enterprise Action Fund – which holds more than 4,000 shares of Microsoft stock – wants the company to explain its rationale for supporting Net neutrality. The fund wants to put a proposal before shareholders, for an up-or-down vote at the next meeting, which would direct Microsoft management to prepare a report “analyzing the business and economic rationale, regulatory impacts, legal liabilities and any effects on product development and customers” of Net neutrality.

Sounds reasonable enough.

But Reuters reports that Microsoft has “asked the Securities and Exchange Commission if it could exclude the proposal from its annual shareholder vote without facing enforcement action by the agency.”

“What is Microsoft afraid of,” asks Tom Borelli, a portfolio manager at the Free Enterprise Action Fund.

–ME “Liz” Strauss

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