Tom Udall on Corporations
Democratic Jr Senator; previously Representative (NM-3)
Proponents support voting YES because:
We should not deprive the public, the stockholders, from being able to do anything meaningful once they find out about scandalous levels of executive compensation or board compensation. Everyone talks about the corporate board as the remedy. But the board is often a part of the problem, being paid huge amounts of money for showing up once or twice a year at meetings.
Give the stockholders a meaningful remedy. Once you get the mandatory disclosure put in place by previous legislation, we are saying the stockholders should be allowed to have a referendum on that and not have a runaround by the board.
Opponents support voting NO because:
This vote is based on mischaracterization--it is an unnecessary amendment. The opportunity for these kinds of votes already exists within the structure of corporate governance right now. A good company from Georgia, AFLAC, went ahead and already has these nonbinding shareholder votes. But there is a difference between having individuals in the private sector, shareholders and individuals outside of the mandating of government to have it occur and have government come in with its heavy hand and say, this is exactly what you need to do because we know best. Our constituents know better how to act and how to relate to corporations than Washington.
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The United Food and Commercial Workers International Union (UFCW) is North America's Neighborhood Union--1.3 million members with UFCW locals in all 50 states, Puerto Rico and Canada. Our members work in supermarkets, drug stores, retail stores, meatpacking and meat processing plants, food processing plants, and manufacturing workers who make everything from fertilizer to shoes. We number over 60,000 strong with 25,000 workers in chemical production and 20,000 who work in garment and textile industries.
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Retiring in 2014 election:
Retired as of Jan. 2013:
Senate Retirements 2014:
Senate races Nov. 2014:
AK: Begich(D) vs.Miller(R) vs.Treadwell(R) vs.Sullivan(R)
AR: Pryor(D) vs.Cotton(R) vs.Swaney(G) vs.LaFrance(L)
CO: Udall(D) vs.Gardner(R) vs.
DE: Coons(D) vs.Wade(R)
GA: Nunn(D) vs.Perdue(R) vs.Swafford(L) vs.
HI: Schatz(D) vs.
IA: Braley(D) vs.Ernst(R) vs.Butzier(L) vs.
ID: Risch(R) vs.Mitchell(D)
IL: Durbin(D) vs.Oberweis(R) vs.Hansen(L) vs.
KS: Roberts(R) vs.Orman(I) vs.Batson(L) vs.
KY: McConnell(R) vs.
LA: Landrieu(D) vs.Cassidy(R) vs.Maness(R)
MA: Markey(D) vs.Herr(R) vs.Skarin(I) vs.
ME: Collins(R) vs.D`Amboise(R) vs.Bellows(D)
MN: Franken(D) vs.McFadden(R) vs.Johnson(L) vs.
MS: Cochran(R) vs.Childers(D) vs.
NC: Hagan(D) vs.Tillis(R) vs.Haugh(L)
NE: Sasse(R) vs.Domina(D) vs.Haugh(L) vs.
NH: Shaheen(D) vs.Brown(R) vs.Smith(R) vs.Rubens(R) vs.Testerman(R) vs.Martin(R)
NJ: Booker(D) vs.Bell(R) vs.
NM: Udall(D) vs.Weh(R) vs.Clements(R)
OK-2: Lankford(R) vs.Johnson(D) vs.
OK-6: Inhofe(R) vs.Silverstein(D)
OR: Merkley(D) vs.Wehby(R) vs.
RI: Reed(D) vs.Zaccaria(R)
SC-2: Scott(R) vs.Dickerson(D) vs.
SC-6: Graham(R) vs.Hutto(D) vs.Ravenel(I) vs.
SD: Rounds(R) vs.Weiland(D) vs.Pressler(I) vs.Howie(I)
TN: Alexander(R) vs.Ball(D) vs.
TX: Cornyn(R) vs.Alameel(D) vs.Roland(L) vs.Sanchez(G) vs.
VA: Warner(D) vs.Gillespie(R) vs.Sarvis(L)
WV: Capito(R) vs.Tennant(D) vs.Buckley(L) vs.Lawhorn(I) vs.
WY: Enzi(R) vs.
Senate Votes (analysis)
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