And Philip W. Moore, Executive Director of Campaign GM, has criticized Bennett's recent election to the Board of Directors of the Ford Motor Corporation.
Bennett denies any conflict of interest, saying that major stockholders should not disqualify themselves from serving on boards because that would "impair the private-enterprise system," and that a Treasurer learns valuable information by holding such a position and consequently improves his work.
Never Ever
Discussing the Austin report's advice, Bennett said, "They recommend that we only consider social investments when they will be equally profitable and yield social benefits as well. I've never seen investments like that."
It is safe to say that Bennett and Moore have different interpretations of the term "social responsibility." It is likely that the Corporation will pay more attention to Bennett's.
So it seems that the Corporation will vote against Campaign GM again this year. If any proposal is approved, it will be the third, which calls for GM to report annually on minority hiring, pollution control and auto safety.
But Bennett promises to be the deciding factor, and unless his opinions have changed drastically-last year he attacked Campaign GM for trying to "drive a socialist wedge into the traditional American way of doing business" -he will almost surely oppose the first two proposals to expand the Board of Directors, and probably the third, more innocuous, one as well.
And unless the Corporation has changed, they will almost surely go along with him.