Posted on 04/14/2015 5:08:07 PM PDT by jazusamo
An appeals court ruled Tuesday that Wal-Mart investors don’t have a right to try to stop the company from selling rifles or any other product those shareholders may think is socially destructive.
The 3rd U.S. Circuit Court of Appeals ruled for the Arkansas-based retailer, reversing a district court ruling in November that would have let the company’s investors influence the store’s policy on high-capacity sporting-rifle sales.
(Excerpt) Read more at washingtontimes.com ...
The shareholders have every right to divest themselves of that “dirty” gun money by selling their shares.
Well said and evidently too complicated for those idiots to understand.
This case was probably the only reason they bought them.
WOW!!!
Good for WM!
(I didn’t expect that ruling.... super wonderful!)
They are just bullies who got slapped back, and cried.
Amen, cripplecreek.
Yep, I love it.
They probably purchased the shares with the intention of forcing Walmart to take up their cause. WMT has a $250 billion market cap. I think they need to purchase some more shares.
I had to do a double take there. It’s trading at only .5 times earnings.
“They probably purchased the shares with the intention of forcing Walmart to take up their cause. “
I hope the stupid mopes paid full bore for their shares.
lol
Alinskys Rules for Radicals tells exactly how to run a “proxy fight” like this. That is what is going on here.
The real villains here are not Wal-Mart, or even the ‘front office’ activists, but the Wall Street douchebags who sold their proxies.
So why’d they cave in California years ago?
Should the owners of a business be allowed to decide what goods and services that business provides?
That’s what Starbucks’ Schultz told the shareholders who do not believe in faggot marriage.
bttt
Or alternatively, get enough other investors to agree with them and vote at a shareholder’s meeting.
This is a political project by Trinity Church, one of the richest churches in the world simply due to benefitting from land endowed by England during colonial times in Manhatten. The leadership are also social justice left-wing radicals. They bought the Walmart stock on purpose for political activism to stop gun sales.
—
http://en.wikipedia.org/wiki/Trinity_Church_(Manhattan)
“Disclosure resulting from a lawsuit filed by a parishioner revealed total assets of about $2 billion as of 2011.[3] Although Trinity Church has sold off much of the land that was part of the royal grant from Queen Anne,[12] it is still one of the largest landowners in New York City with 14 acres of Manhattan real estate including 5.5 million square feet of commercial space in Hudson Square.[3][14] The parish’s annual revenue from its real estate holdings was $158 million in 2011 with net income of $38 million,[3] making it perhaps one of the richest individual parishes in the world.[12]”
Sure, but you have to own more than a miniscule share of the business.
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