The nuns, led by Director of Corporate Responsibility Sister Norah Nash, have pleaded their case for protecting consumers, lowering executive pay and donating to the poor to executives since 1980. Goldman Sachs, McDonalds, Wells Fargo and BP are among the many companies who have gotten an earful. “We want social returns, as well as financial ones,” Sister Nora says. “When you look at the major financial institutions, you have to realize there is greed involved.”
To get the executives to listen to them, the Sisters purchase the minimum amount of stock ($2,000) so they can submit resolutions during shareholders meetings.
The executives can avoid a PR disaster if they simply meet with the nuns, and the former chief executive of GE even took a helicopter to their convent to discuss the company’s nuclear weapons development programs. “We’re not here to put corporations down,” Sister Nora says, “We’re here to improve their sense of responsibility.”