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This excerpt taken from the BBBY DEF 14A filed Jun 8, 2007. How does the Company view the issues raised in the proposal? The Company respects the point of view represented in the proposal with respect to product content and manufacture process, and as noted below the Company monitors developments with respect to these issues through its presence in the markets for these products. In addition, upon receipt of this proposal, the Company requested additional information from the proponent, as we also had from another shareholder who had raised similar concerns earlier in the year. However, the proposal notes in its first sentence that the issues it raises are controversial, and this is because there are differing points of view. The Company believes these matters are most appropriately addressed by informed legislators and regulators, as in the case of the California law relating to cosmetics noted in the proposal, which significantly is not a ban but rather a requirement of enhanced content disclosure. |
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