Home » AT&T »Consumer News »Public Policy & Gov't » Currently Reading:

AT&T Tells Shareholders to Mind Their Own Business on NSA Wiretapping, Privacy Invasion

Phillip Dampier December 9, 2013 AT&T, Consumer News, Public Policy & Gov't No Comments

i hear youAT&T shareholders concerned the company is risking its reputation and future profits by excessively cooperating with the National Security Agency have been told to mind their own business by company executives.

AT&T roundly rejected a resolution demanding greater transparency offered by New York Comptroller Thomas DiNapoli, who administers the $160.7 billion NYS Common Retirement Fund, which has investments in AT&T.

AT&T recommended the resolution be excluded from the ballot for AT&T’s annual shareholder meeting this spring, noting shareholders have no business getting involved in the “ordinary business operations” of AT&T, which are under the purview of company executives.

In his shareholder resolution, DiNapoli said there was a real issue of customer trust at stake for AT&T. Customers upset with AT&T could switch providers, hurting revenue.

But with Verizon also providing access to customer records, wireless customers may have few alternatives. AT&T also passes along information about non-customers whose calls happen to cross into AT&T’s extensive network.

In November, the New York Times found AT&T is well-compensated for monitoring and disgorging customer records to federal officials, earning at least $10 million annually. AT&T also has important business before the Obama Administration regarding the future of the landline telephone network, its multi-billion dollar wireless service, and its campaign for greater deregulation.

The news does not inspire confidence in Stop the Cap! reader Earl, who shared the story with us.

“With AT&T it’s always about the bottom line, even at the price of privacy.”

Search This Site:

Contributions:

Recent Comments:

  • Hodor: If there is anything I could be doing to improve this awful, awful, AWFUL wifi connectivity problem I've been having with Frontier, I would like to be...
  • Josh: "An Apple official would only respond that their interface would be great and “better than anything you’ve ever had.” The fact Apple refused to answer...
  • Josh: In my case at least, the "average" they claimed for me was incorrect, much lower than my actual average. Wish someone would stop them......
  • BobInIllinois: The Wall Street Journal link to the story (on the bold print wore PUBLISHED) inexplicably does not take me to the Wall Street Journal story on this to...
  • Disqus: I just got the letter about this, coming to my area here is what I have been telling everyone. Comcast joins the screw the customer generation ...
  • Len: "We've built out the fastest Wi-Fi. So we're going to continue to invest in the network to stay ahead of things." They forgot to mention they did i...
  • Cynthia Shell: On the phone with Comcast for quite a long time yesterday. I gave them, all three transfers, an ear full. I know they are just the poor phone buffers ...
  • Josh: Wow, great article! I'm feeling nostalgic, and kind of weirded out by VHS going away, and the realization we're (once again) likely to lose a giganti...
  • Jeno: My family and I had Verizon for years, and it was just fine, no problem. It seems almost as SOON as Frontier came into the picture, our internet was ...
  • Sharon: I too have gotten taken by Verizon, and they are continually trying to add more costs to my plan; daily. This number did call today, showing as a Ver...
  • Josh: I need PBS and The CW...I can't believe those aren't on here! I'd want BBC America too. I'd really want a much longer DVR too...28 days isn't good...
  • Len: I have a 25MB/s CenturyLink connection (internet only) that costs $83 / month. I have a "discount" that brings it down to $53. These guys at Century...

Your Account: