Citigroup has announced that it will bear the payment for its employees to have abortions out of state. The bank in the United States, Citigroup announced its intention to pay for employees’ abortions in a definitive proxy statement submitted to the U.S. Securities and Exchange Commission ahead of its annual shareholder meeting, scheduled for April 26th.
The SEC “requires that shareholders of a company whose securities are registered under Section 12 of the Securities Exchange Act of 1934 receive a proxy statement prior to a shareholder meeting, whether an annual or special meeting.”
The 20th page of the proxy statement includes “compensation and human capital management highlights” which shows how Citigroup is “continuously innovating in how we recruit, train, compensate, promote and engage with our workforce” and encouraging “career growth and development by offering broad and diverse opportunities to colleagues.”
The statement reads: “In response to changes in reproductive healthcare laws in certain states in the U.S., beginning in 2022, we provide travel benefits to facilitate access to adequate resources,”
Remember that Texas passed a pro-life law in 2021 known as the Texas Heartbeat Act. The law bans abortions once a heartbeat can be detected, usually around six weeks gestation. Courts at the state and federal level have since upheld the law.
The pro-life advocacy organization, Susan B. Anthony List, told Citigroup that providing employees “some cash to cover travel/accommodation costs so your child can be aborted” shows “how poorly you think of working moms.”
George P. Bush, who is running as a Republican for Texas attorney general, described the ‘travel benefits’ offered by Citigroup” as “nothing but a PR stunt by a ‘woke’ company to support a culture of death.”