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CWA Mobilizes for Shareholder Meetings

CWA members have actions planned for several shareholder
meetings this season.

Members of TNG-CWA are collecting proxies for the Reuters Group PLC annual meeting, to be held in London April 17, and are asking shareholders to oppose the company's compensation proposal.

CWA members and retirees at Verizon Communications will take their case to shareholders at the company's April 23 meeting in Fort Wayne, Ind. The rally and leafleting will be bolstered by 200 CWA District 4 members, who moved the site of their district meeting to Fort Wayne to show solidarity in the fight for a
fair contract at Verizon.

CWA District 4 Vice President Jeff Rechenbach will join Vice Presidents Vince Maisano, District 13, and Larry Mancino, District 1, and IUE-CWA District 8 Vice President Bruce Van Ess at the pre-meeting rally. Inside, CWAers will urge shareholders to support resolutions limiting excessive executive compensation, among others.

That same day, CWAers will support IUE-CWA members and retirees at the General Electric Co. annual meeting in Charlotte, N.C., where union supporters are urging shareholder approval of any plan that provides future retirement and severance agreements for executives above 2.99 times the total of a senior executive's base salary and bonuses. IUE-CWA President Edward Fire will hold a news conference the day before the meeting to urge the company to respect workers' rights both in the United States and abroad and to maintain decent health care and retirement benefits for workers who have made GE so successful.

On April 29, members of Alliance@IBM, CWA Local 1701 will be leafleting and rallying in Kansas City, Mo., urging support for two resolutions backed by CWA: the exclusion of pension income in determining executive compensation and giving all employees, regardless of age, the same retirement medical insurance and pension choice as employees who were within five years of retirement in 1999.

Sprint Corp. members will be out in force on May 13 at the Sprint annual meeting in Overland Park, Kan., calling on shareholders to support limits on executive compensation, restrictions on golden parachutes and corporate accountability.