This is a Call to Action for a Non-Hierarchical Occupation of Monsanto Everywhere
Whether you like it or not, chances are Monsanto contaminated the food you ate today with chemicals and unlabeled GMOs. Monsanto controls much of the world's food supply at the expense of food democracy worldwide. This site is dedicated to empowering citizens of the world to take action against Monsanto & it's enablers like the FDA, USDA, EPA, GMA, BIO, and the processed food companies that use Monsanto's products.
Monsanto Annual Shareholder Meeting
800 Lindberg Road
Creve Coeur, MO
January 31, 2013
Good Afternoon. I am here speaking on behalf of Harrington Investments, the Pesticide Action Network and my 75 shares . Our resolution for consideration by fellow shareholders addresses serious and potential risks associated with our Company’s genetically engineered crops, the toxic chemicals applied to these crops, and the related civil liability our Company may face due to their continued sales.
I realize our resolution is the same as last year and is unlikely to receive enough votes today to pass. So instead of speaking to the merits of the resolution or the Board’s prepared response, I am going to use my limited time to inform fellow shareholders that a massive tidal wave of consumer rejection of foods derived from our company’s patented technology has yet to crash down, but will soon.
What I am speaking of is a historic re-ordering of what crops farmers will be permitted to grow and the near-complete collapse of our customer base if we don’t change our business practices. Customers in our value chain are beginning to reject our patented technology due to the unsustainable consequences its use brings for human health and that of our soil and water.
First of all, why is our Company and it’s industry partners as a whole so vigorously hostile to new independent, peer-reviewed research? Last Fall, Dr. Seralini’s research clearly showed that rats fed this Company’s NK603 corn over their lifetime had serious health issues versus rats fed the control, a non-genetically engineered diet. We know the Company’s Technology Agreement does not permit farmers to give their seed away to scientists for research purposes. But in order for Monsanto to uphold its official pledge of “Transparency,” the Company’s patented technology must be scrutinized by scientists in every country in the world, without restrictions. The Company must embrace all research, in all its forms, to be truly transparent with current and future customers.
It is clear from the research of Dr. Seralini, that exposure to glyphosate and our Roundup Ready family of herbicides in only trace amounts of drinking water was linked to severe tumors in these rats over a lifetime of feeding. Moreover, our Company’s own rat feeding trials were woefully inadequate in measuring the long-term health risks of foods derived from our Company’s technology because our studies took place over only 90 days versus a rat’s entire lifetime as shown in Dr. Seralini’s study. To dismiss long-term animal feeding studies that were reviewed by the same scientific journal that years earlier did not reveal the long-term impacts of eating GMOs in Monsanto’s own studies is another example of this Company being two-faced and opaque. Customers, government regulators, and concerned scientists deserve nothing less than crystal-clear transparency from this Company. This starts by welcoming research by scientists who may be critical of our patented technology.
Secondly, last year I warned shareholders and the Board of Directors that the Company’s misguided hostility to safe food activists and farmers was fueling a consumer backlash. There was the Just Label It campaign, which last year sent over 1.1 million petition signatures to the FDA requesting labels for GMO foods. This effort led by Stoneyfield Organic CEO Gary Hirshberg, set the record for the most public comments on a petition to the FDA ever. And most recently social media campaigns have emerged, like the GMO Inside campaign, which urges grocery shoppers to label the suspected GMO foods and post the photos to Facebook and Twitter, as they have done by the thousands.
And then there was Proposition 37 in California. When I asked you Mr. Grant straightforwardly last year, “How much would this Company spend to defeat the California Right2Know Ballot initiative,” you refused to answer my question. Today fellow shareholders I am displeased to report our company wasted $8.2 million dollars to defeat transparency in food labels. Spending millions of dollars through lies and misinformation is not the way to stop the customer backlash towards GMOs. It’s only made it worse. Shareholders need to take this breech of trust very seriously.
While the proposition to label GMO foods in California failed to pass by a slim margin, people now say that if this Company was so proud of its patented technology, it would demand labels just as much as grocery shoppers do. This paradox exists because the Company is not being transparent with itself. This blatant denial of the wishes of customers in our value chain has the fuel to generate a wild fire of grassroots activism against this company. Customers recognize the lack of transparency in our food labels means there must be something to hide and they are wising up to the fact that its our patented technology that is being concealed.
For that matter why is this a closed-door meeting and no video feed made available to the hundreds of millions world-wide who eat our patented technology? Why must we meet in secret if the Company truly embraces transparency?
Since last year’s shareholder meeting we know more than 6 million Americans have voted & signed petitions demanding more transparency in food labels. This voting block is not going away because they vote three times a day- breakfast, lunch, and dinner. Throughout 2012 there were over 150 large-scale protests against this Company’s opaque & undemocratic control of global food policy. There were at least 50 protests at Monsanto facilities world-wide this past September 17 alone and just this last Tuesday there were thousands who took to the streets of Argentina protesting this company. Unless things begin to change and become more transparent, these protests will increase in size and number. Mr. Grant, the grassroots are Roundup resistant.
The way forward is by upholding the Company’s pledge to transparency. First, this means following the lead of other Fortune 500 companies like Apple, Coca-Cola, and Walmart and begin to stream over the Internet audio & video of all future shareholder meetings. Second, the Company should cease its efforts to stymie legislative solutions that provide increased transparency around GMO foods. States like Washington, Hawaii, Connecticut, Oregon, New Mexico, Vermont, and even here in Missouri have legislative solutions in the works. These efforts should be embraced by the Company, not fought off with lobbyists & lawyers. Third, the company needs to provide scientists access to the Company’s seeds & existing body of research. Let independent scientists provide the much-needed peer-reviewed studies, so the public at large believes this Company is being truly transparent.
A video published yesterday on the Wall Street Journal’s website, Mr. Grant said quote “we need to do much better job explaining where food comes from” We wholeheartedly agree. From independent scientific experimentation to honest food labels to streaming future shareholder meetings, this Company needs to look inward and become transparent.
Thank you for your time and I will answer questions shareholders may have.
Food activists plan to protest outside Monsanto Co.’s shareholder meeting Thursday, calling on the $13.5 billion seed company to be more transparent.
The activists also hope to draw attention to a shareholder proposal to study “material financial risks or operational potential impacts” on Monsanto associated with seed contamination from genetically modified organisms, among other things.
“Monsanto pledges transparency, but provides very little,” says Adam Eidinger, an activist and Monsanto shareholder, who plans to speak at the meeting, which will take place at Monsanto’s Creve Coeur headquarters.
Reached by phone, Eidinger said he would speak on behalf of Harrington Investments of Napa, Calif., which submitted the shareholder proposal.
Eidinger said he personally holds 75 shares of Monsanto stock. “This is about the food people eat,” he said. “I am a shareholder; I’m also an activist who wants to see the company reform in a major way.”
The board of Monsanto, led by Chairman and CEO Hugh Grant, is against the proposal. “Disclosure of material financial risks or operational impacts on the company is required by SEC reporting requirements, and we take seriously our responsibility to identify, analyze and transparently report such risks or potential impacts,” company officials said in a Dec. 10 proxy document filed with the Securities and Exchange Commission.
In the filing, officials cited various programs — including a technology use guide, ongoing dialogue with seed users and academics, and ongoing discussions to determine best practices, among other things. “An additional report to restate such risks or impacts as suggested in the proposal would be redundant and provide no meaningful additional information to shareowners,” the proxy stated.
Activist Investor to Challenge Monsanto CEO to be More Transparent at January 31 Annual Shareholder Meeting
Anti-GMO Protests Expected Outside
CREVE COEUR, MO – On Thursday, January 31, 2013, the Monsanto Company officers and shareholders will vote on a shareholder proposal to create a study of “material financial risks or operational impacts” associated with its chemical products and patented genetically modified organisms (GMOs). Activists in favor of the measure will demonstrate outside the meeting to raise awareness that the public does not currently have the right to witness what will be the only democratic vote of accountability on Monsanto’s leadership because the company bans cameras inside their Annual Shareholder Meeting.
WHO: Anti-GMO Food Activists, Adam Eidinger, Monsanto Shareholder WHAT: Protest at Monsanto Annual Shareholder Meeting WHERE: Monsanto Global Headquarters, Creve Coeur, MO, East Campus Entrance on Olive Blvd. WHEN: Thursday, January 31, 2013, Noon to 3:30PM
“Monsanto pledges transparency, but provides very little,” says Adam Eidinger, an organic food activist and Monsanto shareholder who organized a march from NY to Washington DC on behalf of honest food labeling in 2011. For the second year in a row, Eidinger will present a shareholder resolution on behalf of Napa, California-based Harrington Investments (HII) with help from the Pesticide Action Network of North America (PANNA).
“Companies like Starbucks, Walmart, The Washington Post, Oracle, Apple and Coca-Cola among many others provide the public and media access to their shareholder meetings in one form or another, but Monsanto, a company who’s patented genetically engineered products are in most people’s food, meets in secret,” says Eidinger.
“By banning cameras from their Annual Shareholder Meeting, Monsanto is flouting its pledge to shareholders who are unable to attend, the majority of Americans who eat the products created by Monsanto Company’s patented technology, farmers who are keen to know future plans of their seed & herbicide provider, and members of the media who report on the company,“ says Eidinger.
Last year Eidinger was forced to sneak an undercover camera into the Annual Shareholder Meeting because safe food activists were concerned about Monsanto Company’s lack of transparency. The grainy footage has been viewed more than 55,000 times. “I shouldn’t be required to break the rules in order to uphold Monsanto Company’s pledge of transparency,” says Eidinger.
The shareholder proposal Eidinger will speak for represents one of the strongest signals to date that the Monsanto Company faces growing consumer, legal, and regulatory uncertainties. Public pressure for transparency in the marketplace in the form of GMO food labeling is leading to new battles for Monsanto Company, which spent over $8 million dollars in 2012 to prevent labeling of genetically engineered foods in California. Next month, on February 19, Bowman v. Monsanto, a landmark case on GMO patent exhaustion, will be argued before the US Supreme Court. If the Supreme Court rules against the Monsanto Company many its patented products face an uncertain future.
The Annual Shareholder Meeting itself is only open to shareholders but concerned citizens will demonstrate outside along Olive Blvd. near the East Campus entrance to Monsanto Company’s Creve Coeur facilities beginning at 12:00 noon. The Monsanto Company global headquarters is located at 800 North Lindberg Boulevard in Creve Coeur, MO.
In 2012 there were over 100 demonstrations against the Monsanto Company around the world, including protests on five different Hawaiian Islands, three at Monsanto Company’s headquarters in Creve Coeur, Missouri along with 60 others across the US. In Argentina, Japan, Poland, Canada, Peru, Philippines, Spain, and numerous others countries people protested at Monsanto Company offices on September 17, 2012.
Last fall Monsanto and its business allies showed they can subvert the democratic process by spending more than $45 million dollars to spread lies in order to prevent GMO labeling in California’s Proposition 37. Monsanto and other biotechnology & processed food companies outspent their opposition by a factor of 5 to 1. In 2013 numerous states, including Missouri, have pending GMO labeling legislation. Washington State is expected to have a GMO labeling initiative on the ballot later this year. Efforts are already underway in California for a new 2014 labeling initiative.
John Harrington, CEO of Harrington Investments, questions the veracity of Monsanto’s GMO crops, “With the rise of Round-Up resistant ‘superweeds’ the company is simply telling farmers to spray even more toxic herbicides including 2,4 D, the main ingredient in Agent Orange. Many people are struggling to avoid GMO’s and chemicals used on them in the food they eat due to serious health and environmental concerns, yet Americans have no right to know what we are eating largely due to the close ties Monsanto has to President Obama’s USDA, EPA, and FDA, which have not satisfied more than 1 million Americans who have signed on to the JustLabelIt.org’s petition to the FDA.”
Adam Eidinger will be available for interview before and after the Monsanto Shareholder Meeting, to which he will drive in a “Label GMO Foods” art car called the Fishycorn Car.
This proposal was submitted by Harrington Investments, Inc., 1001 2nd Street, Suite 325, Napa, CA 94559, as lead proponent of a filing group. The proposal has been carefully considered by the board of directors, which has concluded that its adoption would not be in the best interests of the company or its shareowners. For the reasons stated after the proposal, the board recommends a vote “Against” the shareowner proposal.
The proposal and supporting statement are presented as received from the shareowner proponents in accordance with the rules of the Securities and Exchange Commission, and the board of directors and the company disclaim any responsibility for its content. We will furnish, orally or in writing as requested, the name, address and claimed share ownership position of the proponents of this shareowner proposal promptly upon written or oral request directed to the company’s Secretary.
Information regarding the inclusion of proposals in Monsanto’s proxy statement can be found on page 77 under Shareowner Proposals for 2014 Annual Meeting.
The labeling of genetically modified organisms (GMOs) is an increasing matter of concern among state legislators across the United States;
Vermont, Alaska, Maine and Nebraska have passed laws requiring labeling of GMOs and at least fifteen states have offered legislation that would require similar labeling;
The biological and physical movement of material derived from genetically engineered crops is difficult and sometimes impossible to control or recall;
Many domestic and global food markets demand foods with zero or near-zero levels of material derived from genetically modified organisms;
Genetically modified crops have been found to contaminate conventional (non-GMO) and organic farms, threatening farmers’ livelihoods, and affecting critical food supply, and imposing a significant financial burden on farmers seeking to satisfy markets for GMO-free products;
RESOLVED: The Monsanto board shall prepare a report, at reasonable expense and omitting proprietary information, assessing any material financial risks or operational potential impacts on the Company with:
Seed contamination, including costs of seed replacement, crop and production losses and clean up, decontamination and continued testing of affected seeds;
Ongoing buffer zone control, including production acreage losses and on-going maintenance required to secure or maintain access to contamination-sensitive markets;
Crop, production, and post-harvest losses and associated costs of market rejections, including temporary or permanent market losses resulting from GMO contamination;
Loss of organic or other third-party certification due to GMO contamination and any costs associated with additional record-keeping, testing or surveillance required to regain certification or retain certification on impacted operations;
Well water testing and/or groundwater cleanup contamination if found;
Removal and destruction of contaminated GMO plants;
Pollinator losses and related damages, e.g. to non-target organisms;
Soil contamination and on-going related mitigation and remediation costs; and
Damage to farmers’ reputation, livelihood, and standing in the community.
The report shall also discuss the impact of such a policy regarding such issues and related public policies on our customers and consumers, and shall be available by July 1, 2013.
THE BOARD OF DIRECTORS RECOMMENDS A VOTE “AGAINST” THE FOREGOING PROPOSAL FOR THE FOLLOWING REASONS:
Disclosure of material financial risks or operational impacts on the company is required by SEC reporting requirements and we take seriously our responsibility to identify, analyze and transparently report such risks or potential impacts. Existing processes and procedures are in place that are intended to ensure compliance with SEC disclosure requirements relating to the topics raised by the proponent. An additional report to restate such risks or impacts as suggested in the proposal would be redundant and provide no meaningful additional information to shareowners.
Our Technology Use Guide, which is updated annually, distributed to our customers and posted on our website, provides information specifically about coexistence and identity preservation to our customers, including general instructions for management of mechanical mixing and pollen flow.
We engage in robust, ongoing dialogue with the seed trade, agricultural value chain and academic community to address the complex subject areas encompassed by the shareowner proposal in a manner consistent with best industry practice. These are routinely discussed in these settings and are well known to the company individuals responsible for identifying and reporting material risks and potential impacts.
Monsanto is a founding member of “Excellence Through Stewardship,” the agricultural biotechnology industry’s global initiative for advancing best practices in stewardship and quality management. As a member, Monsanto is subject to regular global compliance audits to ensure best practices are being followed. See http://www.excellencethroughstewardship.org/  for more information about this initiative.
Constructive coexistence among diverse segments of agriculture is well established and practiced. It is commonplace to find different agricultural production methods working effectively side by side based on well established practices and a long, successful history in agriculture. Careful management of these production methods is in the interest of all concerned – our company, our customers, the value chain and consumers.
Farmers and seed companies rely on standards and best practices in seed and grain production, harvest, handling and transportation to support production, distribution and trade of products from different agricultural systems. This is essential to preserve the identity of products to meet market specifications. Examples of identity preserved production include certified seed, specialty oil or protein crops, and crops that meet commercial contract specifications such as organic and non-genetically enhanced specifications.
Based on historical experience generally accepted agricultural practices to manage production to meet quality specifications have been established. Among these practices are appropriate seed sourcing, field management, storage and handling practices. This array of agricultural planning tools and practices maintains product integrity and quality specifications.
A mosaic of agricultural production systems must be preserved to enable farmer choice and meet global productivity needs. Drought in several major agricultural production regions in 2011 and 2012 is a vivid reminder of the challenges facing agricultural production and food security. Monsanto believes farmers should have the freedom to choose the production method best suited for their environments, markets and needs, whether organic, non-GM conventional, or products improved through biotechnology. All of the agricultural systems can and do work effectively side by side and contribute to the varied needs of different farmers, markets and consumers and meeting the demands of a growing population.
THE BOARD OF DIRECTORS RECOMMENDS A VOTE “AGAINST” THIS SHAREOWNER PROPOSAL AND YOUR PROXY WILL BE SO VOTED IF THE PROPOSAL IS PRESENTED UNLESS YOU SPECIFY OTHERWISE