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ADL and JLens Urge Shareholders of Alphabet Inc. to Vote AGAINST Anti-Israel Shareholder Proposal
ADL and JLens Urge Shareholders of Alphabet Inc. to Vote AGAINST Anti-Israel Shareholder Proposal
About this update from Alphabet Inc (google) Class C
[{"type":"text","content":"\nProposal 9 Described as a Ploy by the Boycott, Divestment and Sanctions Movement to Weaken Israel’s National Security\n\n NEW YORK--(BUSINESS WIRE)--\nJLens, a Registered Investment Advisor, along with ADL (the Anti-Defamation League), today called upon shareholders of Alphabet Inc. (NASDAQ: GOOG)(the “Company”) to vote AGAINST a shareholder proposal designed to harm Israel by pressuring the Company into severing business ties with the country.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250512928372/en/\nADL and JLens noted that Proposal 9 is expected to be submitted to a shareholder vote at the Alphabet annual meeting on June 6, 2025. The proposal cites the fact that Alphabet provides cloud-computing technology to “Project Nimbus,” a system used by the Israel Defense Forces (IDF) and many civilian applications, as justification for a request that the Company commission an independent third-party report to determine whether its customers’ use of certain products and services, “contributes to human rights harms in conflict-affected and high-risk areas (CAHRA).”\n\nThe Board of Directors of Alphabet has recommended that their shareholders vote AGAINST the above-noted shareholder proposal.\n\n“Proposal 9 offers the pretense of concern for human rights when in fact it is a thinly disguised ploy to weaken Israel’s national security—and to undermine its right to defend itself—by pressuring Alphabet to withhold vital technology that supports the country’s self-defense capabilities,” said Jonathan A. Greenblatt, CEO and National Director of ADL. “We believe this proposal is closely aligned with the objectives of the Boycott, Divestment, and Sanctions (BDS) movement, whose goal is to delegitimize the State of Israel.”\n\nADL and JLens believe that Proposal 9 misrepresents “Project Nimbus” by portraying it solely as a military initiative, while ignoring its broad civilian applications across Israel’s ministries of finance, healthcare, education, and transportation. At the same time, the proposal disregards the urgent and lawful need for modern defense technologies—especially in the wake of the October 7, 2023 terror attacks, which killed over 1,200 people and took hundreds hostage. Alphabet’s cloud services play a vital role in both safeguarding Israeli civilians and str...