Skip to comments.After losing $12 billion, Target faces demands for documents in a possible prelude to a shareholder lawsuit
Posted on 06/07/2023 7:12:25 AM PDT by SeekAndFind
Could Target's woke executives finally be made to pay attention?
They might, given that they've been issued legal demands from a shareholder to produce all documents related to its woke transgender agenda.
According to America First Legal, a group that is led by Stephen Miller, a former member of the Trump White House:
WASHINGTON, D.C. – Today, America First Legal (AFL), on behalf of its client, the National Center for Public Policy Research (NCPPR), served the Target Corporation with a formal demand for the production of corporate books and records, seeking transparency regarding its management’s radical LGBT political agenda that has apparently cost the corporation over $12 billion in market valuation since mid-May 2023. NCPPR is a Target shareholder.
Target’s 2022 annual report acknowledges that the corporation’s core customer base is made up of “families.” It further recognizes the serious risk to Target’s company’s financial prospects if that core customer base sours on the corporation: “Our continued success is dependent on positive perceptions of Target which, if eroded, could adversely affect our business and our relationships with our guests and team members.”
Nevertheless, the evidence is that Target’s management has recklessly bent the knee to the radical left. Serving “stakeholders,” not shareholders,
(Excerpt) Read more at americanthinker.com ...
Why else would stupid Americans have enriched our enemy, the chinks? We've been buying their merch for decades, when we're likely going to be at war with them at some point. They're even sending troops into America via our southern border. And anybody who doesn't realize that is a fool.
Again, it's all about the bottom line.
All it takes is one shareholder to file lawsuits, and all the dominoes will start falling down. Just one brave shareholder is needed. That’s the way the evil rats have won so many of their battles …all it takes is just one person makes a hell of a difference.
I wonder how big a market there is, for women’s bathing suits with extra room to fit a man’s body.
Well, if you want to know where to find such a swimsuit, it sounds like Target is your store to go to.
I had to run into Target yesterday b/c my optometrist is inside and I needed my glasses repaired - which the office does for free.
Parking lot was 1/2 full, which was odd at that time of day, usually Target is packed with shoppers.
I was afraid the optometrists office would be full, as it often is - there wasn’t a person inside, not a one. I was asked if I wanted an appointment right then and there, the doctor was there and would see me immediately.
I do not want to support Target in any way but felt sorry for the optometrist and her staff.
Suing the company will only result in an even lower stock price.
Suing the individuals (board members, managers) may not end in a big financial settlement but it will fix the problem by causing the removal of those individuals.
None are so blind that will not see.
It’s not like the shareholders want to do the right thing. It’s all about the bottom line which is our undoing.
Which is why these grass-roots boycots are so important.
You’ll never convince the lefty execs to stop being activists, and you’ll never convince profiteering shareholders to stop looking for a profit, but if you hurt those profits, they’ll take notice.
I’m still mad that I never get to participate in any boycotts. I never seem to patronize or belong to any of these products or places. I said it a few years ago, and I’m still missing out of the boycotts in the latest rounds. I haven’t been inside a target in over 20 years, and I never buy pisswater bud light. About the only time I ever drank it was when it was the sole beverage provided at a party or event.
I can’t get off a bandwagon if I was never on it to start with.
I’m the same way. I just don’t seem to ever patronize the offending companies.
Bottom line: CEOs who are also Chairman of the Board are virtually unfreeable no matter what they do. They go when they want to and not before.
Looks like Target put a target on its back by getting into politics.
Fixing a kinda important typo
You do realize that when the shareholders sue a company for financial malfeasance (instead of suing the board and managers as individuals), they are basically suing themselves?
Don’t feel sorry for anyone being paid by Target, their salary is being subsidized by selling products that corrupt children, and promote an evil agenda. They have options, work for Satan, look for another job, or band together and strike!
God created RAINBOWS as a covenant and promise between HIM and EARTH and has nothing to do with sexuality. THAT symbol has been defiled, now whenever we see a rainbow we will NEVER AGAIN associate it with GOD and GOODNESS That is over forever. This was intentional and inspired by evil. (I am not a religious fanatic, whether one believes or not, the intent of what they are doing is insidious)
No prob. I knew what you meant.;-)
That said, the CEO is usually the Chairman of the Board.
It’s a lot worse than just LGBT activism. Target sponsors far left groups that are anti-American:
I hope the walls come crushing down on these commies.
They are suing the board for dereliction in their fiduciary responsibility to represent shareholder interests, not their own. But I didn’t advocate for lawsuits. Unfortunately when the executives are totally independent of the shareholders and said executives start making terrible decisions then I think the shareholders only real option is to pull their money out and move on. Because there are no checks and balances if the board are all just puppets of the CEO and by the time any legal remedies are found the company will be dead or devoured.
Has a lawsuit been filed already?
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