Overview
- On Wednesday, SOC Investment Group sent letters to the three companies seeking disclosures on how President Trump’s immigration policies affect finances and supply chains.
- The group asked for plans to navigate the proposed $100,000 fee on new H-1B approvals, noting the companies’ heavy reliance on skilled visa holders.
- SOC also pressed Amazon and Walmart to detail how enforcement actions, including farm raids, are affecting trucking and farming that support their store shelves.
- The resolutions are requested for inclusion on next year’s proxy statements for a shareholder vote, with SOC noting such proposals are advisory but can drive change when they draw strong support.
- The letters followed a White House executive order directing regulators to consider new rules for proxy advisors; SOC said litigation is possible if proposals are excluded, while Amazon declined to comment and Google and Walmart did not immediately respond.