Internal documents reveal that a labor-aligned investment group sent letters to Amazon, Walmart, and Alphabet (Google's parent company) on Wednesday, inquiring how President Trump's immigration policies may affect their finances and supply chains.
The SOC Investment Group, which holds less than 1% stakes in each of these companies—including some of the largest recipients of H-1B visas for high-skilled foreign workers—is pressing them to outline their response to Trump’s proposed $100,000 fee for new visas. The group has previously succeeded in pushing companies to conduct racial equity audits and disclose lobbying activities through similar resolutions.
"The availability of skilled labor in this sector... is critical to companies’ long-term performance," said SOC Executive Director Tejal Patel. "If they can’t meet consumer demand or compete due to hiring challenges, it poses a long-term risk to shareholder value."
The letters also demand that Amazon and Walmart detail how Trump’s immigration policies—including farm raids—impact trucking and agricultural sectors essential to their supermarket supply chains.
SOC and its affiliated funds hold approximately 17 million shares in Walmart, 31 million in Amazon, and 41 million in Alphabet.
Patel stated that while SOC seeks "productive engagement" with the three companies for greater transparency, it will "consider all options, including litigation" if they refuse to include the resolution in proxy statements.
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