Company: GOOGL
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001308179-25-000511
Chunk: 61

Company: Alphabet Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 61
---
 effectively eliminate girls’ and women’s sports and bathrooms. Receiving a perfect score on the CEI can only mean that Google – which has a paid platinum partnership with HRC 4– is spending shareholder assets to espouse and fund such divisive positions that risk shareholder value while being unrelated to the Company’s business. Recent events have made clear that shareholder value drops when companies engage in the sort of activism that the CEI demands. Following Bud Light’s embrace of such divisiveness, its revenue fell $395 million in North America compared to a year prior. 5Target’s market cap fell over $15 billion amid backlash for similar actions. 6Disney stock fell 44% in 2022 – its worst performance in nearly 50 years – for putting divisive agendas ahead of parental rights. 7And more recently, Planet Fitness’ valuation dropped by $400 million in just five days for a similar controversy. 8 This year, some companies finally learned from those mistakes by responding to these risks accordingly: Lowe’s, Ford, Harley Davidson, Jack Daniels, Tractor Supply and Walmart all ended their CEI participation. 9 As the Board has a fiduciary duty to protect shareholders from unnecessary value-destroying risks, it should end Google’s participation in the CEI as well. Resolved: Shareholders request that the Board consider ending the Company’s participation in the Human Rights Campaign’s Corporate Equality Index.

| (1) | https://www.hrc.org/resources/cei-equality-100-award                                                                                                |
| (2) | https://reports.hrc.org/corporate-equality-index-2023                                                                                               |
| (3) | https://www.hrc.org/resources/corporate-equality-index                                                                                              |
| (4) | https://www.hrc.org/about/corporate-partners                                                                                                        |
| (5) | https://www.cnn.com/2023/08/03/business/anheuser-busch-revenue-bud-light-intl-hnk/index.html;                                                       |
| (6) | https://www.foxbusiness.com/media/target-market-cap-losses-hit-15-7-billion-share-near-52-week-low-amid-woke-backlash                               |
| (7) | https://www.washingtonexaminer.com/policy/economy/disney-has-lost-50-billion-in-value-since-war-with-                                               
 7 florida-began; https:// www.hollywoodreporter.com/business/business-news/disney-stock-2022-1235289239