Wal-Mart wins gun-sales case against investors who want to bar such purchases

The Washington Times ^ | April 14, 2015 | Kellan Howell

[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.

[jazusamo]

Yep, do you consider Trinity Church an owner with 3500 shares?

[terycarl]

Should the owners of a business be allowed to decide what goods and services that business provides

Direct, active, participating owners...yes....stockholders, not a chance. If a stockholder doesn't like what the business is doing, sell the stock.

[ChildOfThe60s]

The shareholders have every right to divest themselves of that “dirty” gun money by selling their shares.

Just as gay couples have the right to seek out a baker or florist that wants to cater gay wedding.

Just another setup.

[Mastador1]

The shareholders have every right to divest themselves of that “dirty” gun money by selling their shares.

What is it that a-hole at Starsucks tells shareholders that disagree with the company's policies?

[trebb]

The shareholders have every right to divest themselves of that “dirty” gun money by selling their shares.

Yep - no telling how many "investors" would be willing to band together to impose their commie wills on any number of companies. Needs to be explicit that they don't get to make political/social decisions because for every one of their sensibilities that gets stepped on, someone else's sensibilities need to get stepped on for them to get their way.

[Gritty]

How come the DOJ hasn't used their powers to get the Wal-Mart bank accounts closed like they have the mom-and-pop gun stores?

They are obviously selling guns and other death-dealing instruments!

[longtermmemmory]

this is about stopping shareholders not any type of sale.

Imagine if a group of conservative shareholders wanted to tell apple (etc) to end same sex marriage support as a matter of policy.

[jazusamo]

I hear you. The criminal Eric the Red only goes after mom-and-pop businesses because they can’t fight back.

[jazusamo]

You’re absolutely right.

[chesley]

They can always try to elect a new board of directors.

[MileHi]

yep