Major Google, Yahoo Stockholder Says Both Companies Need Human Rights Standards - InformationWeek

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Major Google, Yahoo Stockholder Says Both Companies Need Human Rights Standards

The New York City Pension Fund, which holds nearly $400 million worth of shares in Google and Yahoo, adopted a resolution saying all U.S. technology companies that operate in authoritarian nations have an obligation to comply with the human rights principles set by the United Nations.

The New York City Pension Fund, which holds nearly $400 million worth of shares in Google and Yahoo, called on both companies to adopt standards to help protect freedom of access to the Internet in authoritarian nations, including China.

The standards were contained in a resolution sent to each company and unveiled Thursday by City Comptroller William C. Thompson. The documents say all U.S. technology companies that operate in authoritarian nations have an obligation to comply with the human rights principles set by the United Nations.

Both Silicon Valley Internet companies have been criticized by human rights advocates for cooperating with the Chinese government in its efforts to control the flow of information from the Internet. Google has a Chinese version of its search engine, and Yahoo owns a 40% stake in Chinese marketplace Alibaba.com, which runs the portal's operations in that country.

The N.Y. pension fund holds $276 million in Google stock, and $111 million worth of Yahoo shares.

Free press advocates welcomed the pension fund's decision to push the companies to take a tougher stand against Internet-restricting nations. "The New York City Pension Fund's involvement is excellent news because it is an investor with both financial and symbolic weight," Reporters Without Borders said.

Google and Yahoo will offer the resolution to their shareholders.

Google said in a statement, "We, like our shareholders, place great importance on conducting business at home and abroad in an ethical and legal manner," Google said. The company plans to offer the resolution to its shareholders at its next meeting.

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dambam
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dambam,
User Rank: Apprentice
11/1/2012 | 10:02:43 PM
re: Major Google, Yahoo Stockholder Says Both Companies Need Human Rights Standards
I just want you all to know that I will not wait much longer on the FBI to complete an investigation; so, I will probably make a Citizen's Arrest of Eric Schmidt, Chairman, Google, Inc.

[email protected]
Cc: [email protected]
Bcc: [email protected]
Hello,
Google, Inc. --You can work with me and the relevant authorities on a 'deal', or we will go to court and I will ask that the judge put a temporary restraining order on your use of Ad Words without a child porn filter, at least until the CP matter is adjudicated. Google can't offer something that is unlawful to possess, and/or facilitate snd/or aid and abet that offer, which is a crime (US v Willaims).

I understand that there is a 'due process' issue with this, but the authorities can't be approving, de facto, ongoing sexual abuse of children, under its watch.
D. B.
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