NLPC: Verizon Should Dump PayPal’s Cancel Culture CEO from Its Board

On Thursday, National Legal and Policy Center presented a proposal at Verizon Communications Inc.‘s annual shareholder meeting in Salt Lake City, that would require the company to produce a semi-annual report which would itemize requests it has received from the federal government to censor its customers.

The company’s board of directors opposed our proposal, as explained on pages 65-66 in its proxy statement.

Last month NLPC filed a proxy memo with the Securities and Exchange Commission in response to the board’s opposition.

Speaking as sponsor of the resolution was Paul Chesser, director of NLPC’s Corporate Integrity Project. A transcript of his three-minute remarks follows:

Good morning.

 

Verizon opposes our proposal for a report on government takedown requests because the Company says it already publishes so-called “Transparency Reports,” and therefore the report we request isn’t necessary.

 

But what Verizon calls a “Transparency Report,” is nothing of the sort.

 

The report we seek asks for specific requests for censorship that Verizon has received from all branches of the United States government.

 

All Verizon’s alleged “Transparency Reports” give you are numbers, and zero transparency.

 

As we have seen from the revelations in the “Twitter Files,” agencies controlled by the White House censored their critics via social and corporate media entities, at an unprecedented scale.

 

For example, major tech companies including Verizon met monthly with the FBI and the Department of Homeland Security ahead of the 2020 election, to discuss how to handle so-called “election misinformation.”

 

Platforms, including those controlled by Verizon, reportedly removed alleged “misinformation” at the request of the government.

 

Yet there are no such disclosures of any censorship incidents in Verizon’s phony “Transparency Report.”

 

But the type of report we request would include them.

 

Verizon also engaged in election interference when it abruptly shut down a test run of one of Donald Trump’s most important voter-contact programs one weekend in July 2020, potentially costing the former president millions of dollars in donations.

 

And in 2021, members of Congress who regulate the telecom industry wrote to Verizon urging them to drop One America News Network and other conservative-leaning news channels.

 

Verizon ended its 17-year relationship with OANN, while the discredited, flailing CNN remains on the Company’s channel listings.

 

If Verizon truly wanted to stop “misinformation,” they would dump CNN.

 

Verizon, meanwhile, claims that, “Our respect for the right to freedom of expression of opinion is fundamental to our business.”

 

Because of these examples I cited and others, we doubt that Verizon genuinely believes in freedom of speech.

 

But if Verizon wants the public to believe that, one step they could take is to ask for the resignation of Dan Schulman from the Board of Directors.

 

While he’s been CEO of PayPal, that company has implemented some of the most extreme cancel culture and censorship policies in Corporate America, including trying to impose a $2,500 fine of account holders who allegedly promote “misinformation.”

 

PayPal also terminated, without warning, the account of one of the last remaining pro-Democracy groups in Hong Kong, before it fell to the communist Chinese government.

 

I could cite many more examples of PayPal’s cancel culture actions during Mr. Schulman’s tenure.

 

He has no business being on the board of a major media or telecom corporation – or any company for that matter.

 

Thank you, and please vote FOR Item 5 on the proxy statement.

Read NLPC’s shareholder proposal for the Verizon annual meeting here.

Read NLPC’s proxy memo filed with the SEC in support of its proposal here.