Dick's Sporting Goods Is Learning What the Consequences of Going Woke Are

Red State ^ | 11:21 AM on August 23, 2023 | Staff

[glorgau]

Are they selling “tuck friendly” jock straps?

[MMaschin]

Corporate executives have a fiduciary duty to act in the best interests of their stock holders. Executives that are intentionally hurting the values of their companies by adopting "woke" policies, that destroy stockholder equity, are acting against their fiduciary duty.

Any executive that can be show to adopt corporate policies that they knew would hurt their valuations, can and should be sued by their stockholders.

Any executive who has made statements such as "I dont care if the stock goes down", in response to backlash from woke policies, can be personally sued by the stockholders for their lost equity.

[Old Yeller]

Dicks is learning that erections have consequences.

[GOPJ]

Dick's has long prided itself on being at the forefront of the push for "Diversity, Equity, and Inclusion," which is just a fancy phrase for when a company wastes money paying do-nothings to push far-left policies within the broader culture. It's all about showing that a company is fighting for "justice" and is "giving a voice" to the whinest, most entitled members of its workforce.

There's no reason to support a company that gives us the finger. Same with beer... we still drink beer but NOT Bud Light.

[Chauncey Gardiner]

Long time boycotter here since they stopped gun and ammo sales. Hope they go down.

[redfreedom]

“Corporate executives have a fiduciary duty to act in the best interests of their stock holders.”

That’s a valid statement - about 40 years ago. Same applies to our congress critters to have a duty to act in the best interests of their constituents, but they don’t. It’s a sign of the times, a sign of our declining culture, a sign of our heading for the sewer much quicker than did the Roman Republic.

Yes, stock holders should sue the execs as well as voters should impeach their reps, but none of this will ever happen.

[BigFreakinToad]

never shopped there and never will

[bankwalker]

most stockholders are blackrock funds ...

[baclava]

Exactly, overpriced clothing store

Bass Pro, on the other hand, is awesome.

A real outdoor store, they even detuned my compound bow from 65 to 45 lb draw weight, for free, yeah, they have a guy that works the bow shop counter, just had to ask, ince

[Savage Beast]

Going woke is not merely harmless. It is promoting the decadence that is destroying the USA.

[glennaro]

"Equity" is shorthand for "from each according to his ability to each according to his need."

Democrat/Communists in America prefer this over Liberty.

[Red Badger]

That’s the problem with Communists ......

They do the “from each according to his ability...” part okay, they just never get the “...to each according to his need.” part right......................

[wardamneagle]

Remember..... they pulled selling guns and ammo a long time ago.

[ABN 505]

Any Diving places around you? they will fill your Paintball canisters usually.

[Parley Baer]

Good.

[Lazamataz]

Haven’t been in a Dick’s since the early 1990’s.

They were an early-entry corporate gun banner.

[bigdaddy45]

Unemployment is super low, wages are up, and people are spending money like crazy. What recession?

[Labyrinthos]

“Back when they virtue signaled out of the gun business they were selling off all their ammo at a loss.”

I haven’t been to Dick’s in many years. I just checked the web-page for the Dick’s near me, however, and was surprised to see that it still stocks rifles and ammunition.

[unread]

Yup, going the way of Sears and K-mart..

Sears did have tools, but people don't fix or do much in the way of mechanical hobbies anymore... They just set about and play with their phones.

[SecondAmendment]

> Corporate executives have a fiduciary duty to act in the best interests of their stock holders.

But they are, since most of the shares are owned by institutions or investment banks that demand high DEI scores instead of profits, and will dump the holdings of any corporations that don't prioritize ideology over returns.