“Essentially, what they're saying to investors is: Trust us. Yet they don't really provide a whole lot of information about how they're going to handle an enormous number of risks,” Michael Connor, executive director of Open MIC, a corporate accountability nonprofit that has also worked on shareholder campaigns targeting Amazon, Twitter, Facebook and Google, told me…“If you're an investor who believes that corporate accountability and corporate governance are important to companies' long-term success, Palantir makes it very clear that you should look somewhere else,” Connor says.
Significant Social and Governance Risks at Palantir
Michael Connor, Executive Director of Open MIC, a nonprofit that works with shareholders to foster corporate accountability in the tech sector, said, “Palantir boasts in its registration statement about its standards for protecting personal privacy, yet the company provides scant detail on how it intends to enforce ethical standards…The registration statement does not include details on any of its military, intelligence, or law enforcement contracts, a glaring omission considering the potential ethical questions at play. When it comes to privacy, Palantir has left shareholders - and millions of people who might be the subject of Palantir's surveillance technologies – completely in the dark.”