Posted on 02/21/2025 6:17:17 AM PST by davikkm
Florida’s new Attorney General, James Uthmeier, just dropped a bombshell that’s got the corporate giants sweating. The state’s hauling Target Corporation into court with a class-action lawsuit that’s accusing them of flat-out deceiving shareholders. And why? Because they shoved a pile of radical LGBTQ merchandise—stuff Uthmeier says was designed to “sexualize children”—right into their stores, knowing full well it could torch their bottom line. Do they think we’re all just too dumb to notice?
Here’s the kicker: this isn’t some wild conspiracy cooked up in a basement. Florida’s claiming Target broke federal securities laws—big time—by hiding the risks tied to their rainbow-drenched Pride campaign. You remember that mess, don’t you? Shelves stuffed with glittery gear that sparked a firestorm of customer outrage so fierce it sent Target’s stock tumbling off a cliff. Billions—billions!—of dollars in market value vanished faster than you can say “boycott.” And now, the Florida State Board of Administration, the folks guarding the retirement nest egg for the state’s teachers and first responders, is screaming foul. Are they right to be ticked off?
Let’s break this down, because the numbers don’t lie. Target’s Pride push didn’t just ruffle a few feathers—it triggered a full-on revolt. Sales tanked, the stock cratered, and the company’s market cap took a $25 billion hit in just six months, with $10 billion of that evaporating in the first ten days. Ten days! That’s not a hiccup; that’s a financial heart attack. And yet, somehow, Target’s bigwigs thought it was a swell idea to keep shareholders in the dark about the gamble they were taking with all that DEI nonsense. Did they really believe no one would care?
(Excerpt) Read more at citizenwatchreport.com ...
Now do Anheuser Busch!
Anheuser Busch was bought by the Belgian company InBev in 2008. I say go after them.
Pressure from all sides -
Daughters of Target’s late cofounder “alarmed” over company’s rollback of DEI efforts
Target gets none of my money and never will.
Let’s break this down, because the numbers don’t lie.
Target’s Pride push didn’t just ruffle a few feathers—it triggered a full-on revolt. Sales tanked, the stock cratered, and the company’s market cap took a $25 billion hit in just six months, with $10 billion of that evaporating in the first ten days.
Ten days! That’s not a hiccup; that’s a financial heart attack. And yet, somehow, Target’s bigwigs thought it was a swell idea to keep shareholders in the dark about the gamble they were taking with all that DEI nonsense. Did they really believe no one would care?
(Excerpt) Read more at citizenwatchreport.com ...
davikkm is here to promote his business, he won’t respond to you or anyone else.
The actual large drop in Target share price occurred in 2022, well before the 2023 Pride stuff.
But on the other hand, it's even more wrong for state run pension plans to force ESG type policies onto corporations they invest the pension funds into. So to be fair to Florida and DeSantis, it may be that the only way to get the big corporations to quit bowing to the leftists' push from pensions is to do equivalent pushing from regulations and lawfare.
I have not been to a TARGET store since they refused to sell me a set of 1950s Randolph Scott western movies till I proved I was over 18 as such movies are considered “UNRATED”, the same today as porn. I was 66 at the time. This joke of a ratings system became the standard in late 1968 after the murder of Bobby Kennedy by a Palestinian Immigrant and the anti-violence hysteria that followed.
I remember walking into a Target and the rainbow-patterned children’s clothing was proudly displayed on up-front raised mannequins.
Subversion - It’s what nefarious people do.
Why don’t things like this occur in Muslim countries? -Asking for a friend.
Target has been doing this for years..
Pedos work in that company.
Had children’s sleep wear line with sleep shirts for toddlers with “Scent to Bed” on them
Petco also had a prominent display of gay-themed merchandise in the front of the store, which I found disgusting. Can’t our little four legged friends be left out of that sickness?
While I understand Florida’s point and applaud their action against Target, I do wonder what their aim is. If their claim is that Target injured the pension fund due to the market cap collapse, what relief are they expecting to come from a class action lawsuit that would tank Target’s stock even further?
The whole tranny gay bathroom started at Target in MN.
US Investments need to buy A/B back from Imbev to fix this great company.
It’s about time, I’ve long said corporate officers should answer to the board, who represent the shareholders, and the board has a fiduciary responsibility to obtain returns for the shareholders. But corporate boards are staffed now by the corporate officers, who do what they want without a thought of shareholders and cannot be removed by the board because they are the board. Corporate officers should bever be allowed to be board members.
That was after the airports added the taxi driver foot baths for the Muslim religion.
About time.
It seems axiomatic that public company CEO’s cannot advance their own personal causes at the risk of the shareholders’ investment.
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