Saturday, October 12, 2019

The dick running Dick's ought to be sued by stockholders

for deliberately damaging their investments.
The CEO of Dick's Sporting Goods told CBS News this weekend that his decisions to stop selling certain guns and hire lobbyists to push for new gun bans have cost his company roughly $250 million.
...
That is consistent with Stack's previous statements on the losses associated with his decision. In the company's 2018 annual report, he wrote that gun sales were a "sizeable part" of Dick's business and that his push for the company to support new gun control laws significantly hurt that business. However, this did not make him reconsider his decision to use company resources to lobby for gun control and to remove certain guns from stores.
"Screw your investments, I have virtue to signal and social engineering to pursue!"


4 comments:

Jess said...

I don't know who's on the board of directors, but they must be as stupid as the CEO.

Tim said...

Maybe the other rich elitists on the board, and rich elitist share holders share his view of supporting china, I mean his view of disarming law abiding Americans so they cannot defend themselves.

Anonymous said...

Unfortunately for the rest of the stock holders he owns a controlling amount of shares so they can't over rule any action he takes - or else they can sell their shares before those shares become totally worthless.

B_Rad said...

Brick and mortar is dead. They have a shit on line presence. They're dead anyway.