Amazon Faces Activism Over Workplace Safety

A group of New York City and state pension funds owning over $5.3 billion of Amazon.com Inc AMZN stock or ~0.3% of the company's market value urged fellow shareholders to vote against the re-election of two board members, the Wall Street Journal reports.
New York City's pension fund paired up with New York state's pension fund and the Illinois state treasurer's office to vote against the re-election of Amazon directors Daniel Huttenlocher and Judith McGrath.
The funds alleged that Amazon's board failed to oversee the health and safety of its workers adequately and check the rate of worker injury and turnover at Amazon workplaces.
Also Read: Amazon In Trouble Over US Warehouse Safety, Study Finds
Amazon's directors have repeatedly declined requests to meet and discuss Amazon's treatment of its workers. The groups say they "violate state and federal law and conflict with Amazon's human-rights policy."
Earlier this month, Amazon's warehouse workers in Staten Island, N.Y., voted to create the tech giant's first union in the U.S.
In February, Dan Loeb, whose Third Point LLC counts Amazon as one of its most significant holdings, voiced $1 trillion of untapped value in Amazon's stock seeing more value as two separate companies: retail and cloud computing.
Price Action: AMZN shares closed lower by 3.70% at $2,974.17 on Thursday.