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Wells Fargo, Terrified to Face Victims of Its Foreclosure Fraud and Predatory Lending, Locks Shareholders Out of Annual Meeting

The move to lock out shareholders was unprecedented, according to organizers.

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Interfaith leaders blocked an entrance to the building and were the first to be arrested.

The Wells Fargo meeting was only one in a series of corporate events that will be met with shareholder activism. Community shareholders plan on attending General Electric's annual meeting today, Verizon on May 3 and Bank of America on May 9.

How effective these actions will be remains to be seen. But it's clear that the days of large corporations operating in a space removed from the communities they impact are over. Corporate boards should resign themselves to the fact that the 99 percent are complacent no more.

 


Occupiers formed a human barricade at an entrance to the Merchants Exchange Building.

 

Joshua Holland is an editor and senior writer at AlterNet. He is the author of The 15 Biggest Lies About the Economy: And Everything else the Right Doesn't Want You to Know About Taxes, Jobs and Corporate America . Drop him an email or follow him on Twitter.

 
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