I don’t get too excited about massive stock dips. Stocks go down, but if they recover later, it is like nothing ever happened for the company. Firestone took a hit. It recovered. I don’t see AB InBev recovering barring a spin-off or something dramatic to make it into a truly different company.
Target may yet recover if the women who shop there don’t come up with alternatives and be tempted to return. It is easier to switch beers than big box stores.
Target needs a major shake-up in leadership and in their Board.
That’s true. Nothing strikes fear in a BoD like a shareholder suit.
This needs to happen.
Go woke....go broke.
I hope shareholders are lining up their lawyers...
In a corporation, corporate officers have what is called a Fiduciary responsibility. They can held liable if they violate that trust.
I’m dragging my wife kicking and screaming, but we are dropping all business with Target.
From an investor standpoint, this was one of the few stocks that paid a dividend (3-percent or more) on a yearly basis. From 2005 to 2021....it was an attractive stock and generally going upward.
What I’d worry about now (if I owned the stock)...it’ll sink low enough that a unfriendly take-over would occur.
It isn’t social media’s influence, it’s what these mindless morons are pushing on normal, decent people. They live in a Godless echo chamber of evil and assume we do too.
If Target goes out of business, where will I go for my Satanic and Transgender kiddie supplies?
“On one hand, companies want to show their support of diversity in all the mandates that society is discussing openly. “
If Kevin O’Leary actually believes that he’s a fool.
“Won’t be long before there are class-action lawsuits by shareholders against the company and board of directors for destruction of shareholder value”
— Elon Musk (@elonmusk) June 2, 2023
Because it’s a breach of their fiduciary responsibility. ESG and DEI corporate managers have been violating their responsibility since they began that garbage.
Oh they understand everything they have chosen to do.
They’re not stupid, they’re just Marxists.
Companies are well aware of the powerful influence of social media - that's why they attempt to harness them!
They are actually hoping that their "message" will "go viral" - only they sometimes miscalculate when it comes to determining if the overall impact will be positive or negative!
Regards,
Time for a conservative to buy the company..
Bfl
“Won’t be long before there are class-action lawsuits by shareholders against the company and board of directors for destruction of shareholder value”
Yes, and that will once again prove the value of the free market over communism and socialism.
Companies may lose billions in shareholder value now but judge it preferable to losing access to capital for not going woke.
Black Rock owns a solid percentage of the stock and provides the financing for operations and capital for improvement. Black rock orders the company to go Woke or face a very constricted future. It won’t stop. Black Rock effectively controls the decisions of most major corporations. Black Rock’s CEO would rather crash the economy than relent in its efforts to destroy he culture. Mr. Fink has his pile already and is using his power to make over the nation into his own dream of Utopia which, as usual is a desire to depopulate and transform the world into a garden for the enjoyment of a small number of the Elite who will be served entirely by machines and AI.
Suing a company for destruction of shareholder value is a self-defeating proposition. It will only further reduce shareholder value.
Lawsuits should be filed against the members of the Board of Directors individually...and even individual officers if possible.
Target EXPOSED funding several anti-American groups! WORSE than Bud Light!
https://www.youtube.com/watch?v=YzgvlYSOYdY&ab_channel=YellowFlash2
the prime objective is: your customers, your employees, and your shareholders..
Wrong. The prime objective is your SHAREHOLDERS!!!
Because that is the one and only prime objective, you focus on your customers.
....positive effect on moving the companies away from pushing political positions in the future...
Personally, I do not believe you can stop a wealthy woke wiener from spending his money to push Marxism
And, Congress should be able to stop woke Blackrock, and others, from using the power of consolidated pension funds, to force Companies to do stupid things