Microsoft opposes Net Neutrality Plan on its Proxy

MICROSOFT OPPOSES NET NEUTRALITY PLAN ON ITS PROXY
[SOURCE: Reuters, AUTHOR: Jeremy Pelofsky]
The Free Enterprise Action Fund, a mutual fund that says it offers both financial and ideological returns, wants Microsoft shareholders to seek a report -- analyzing the business and economic rationale, regulatory impacts, legal liabilities and any effects on product development and customers -- concerning the company's rationale for backing Net Neutrality, which the group says would result in "expanded government regulation of the Internet." Microsoft wants to block the effort. The company asked the Securities and Exchange Commission if it could exclude the proposal from its annual shareholder vote without facing enforcement action by the agency. The company argued that the Net neutrality debate was part of its normal business operations and securities rules permitted Microsoft to exclude such proposals from a shareholder vote.
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