An activist firm is asking more than 30 big-name companies from Tesla Inc. to Apple Inc. to disclose more information about employment practices that the firm says may be anti-competitive.
CtW Investment Group, which works with a coalition of union pension funds with more than $250 billion in assets, is sending letters to the companies, seeking disclosure on their policies that it says can set workers up for reduced mobility, lower pay or even the inability to escape workplace harassment. The letters target non-compete agreements, no-poaching rules, mandatory arbitration or non-disclosure pacts, and ask directors to ultimately provide reports to shareholders about the practices.
