Old-time CEO: Let’s do what’s right for our company.
Target CEO: Let’s do what’s right for society.
Not only is Target’s CEO cheating his shareholders, he’s showing extreme arrogance. Who is he to decide what’s right for society? Stick to competing with Walmart, pal. And let us decide how society should go at the voting booth.
His largest shareholders are Blackrock, State Street, and Vanguard, and they want this more than anyone else.