Saturday, April 6, 2019

Democrat CEO who forgot who owns the company

Because Dick's Sporting Goods boss Ed Stack imposed his own personal political beliefs on the chain revenues went down by $150 million.

He unilaterally imposed various gun control measures, such as restricting sales of rifles and shotguns to people who are 21 years old or older.  Of course 18 year olds can drink, get married, serve in the military, be police officers, be firemen but according to Ed they can't be trusted with a hunting rifle.

What Ed did would be fine if he owned Dick's but he doesn't. The shareholders do.  His job is to maximize shareholder return not use the company as his own private social justice war machine.

Sadly given that the rich tend to be leftists and that the folks who manage investment funds tend to be leftists they don't care if Ed is torpedoing the investments of the people who are counting on Dick's stock to pay for their retirement.

This is just one more example of how leftists view your money as their money.

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