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Net neutrality ‘weaklings’ must answer to shareholders – FEAF

Tom Borelli, [The Free Enterprise Action Fund] FEAF portfolio manager, told The Register FEAF thinks companies that “run” to government – especially Microsoft who has a habit of usually going in the opposite direction when it comes to officials and regulation – are acting against “innovation.” They should focus on improving their products not legislation, he said.

“Our antenna goes up when big companies seek regulation. In our view that’s a sign of weakness. A free market should be out there competing and innovating, rather than running to the government to protect the market. That’s a defense strategy.” . . .

[snip]

The group has already used the shareholder resolution tactics over General Electric’s policy on global warming, which FEAF believes is damaging shareholders’ value, at an annual meeting in April. FEAF believes GE has succumbed to non-government organizations and environment advocates who Borelli calls “looters” interested in using GE’s resources to “achieve their social and political agenda.”

FEAF’s actions can be seen in a broader US context. With the argument over net neutrality breaking down along partisan lines, lobbyists and other interested parties are now springing to the fore to shape the issue.

–ME “Liz” Strauss

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