Profits and gains above all, right? This #Whitehouse is too batshit insane even for CEOs. People protesting bathrooms are #snowflakes
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Article ignores fact that courts provide broad deference to business decisions see Business Judgment Rule. Note neither author lawyer
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Better idea is they sell their shares and buy stock in other companies, there are enough frivolous lawsuits already.
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I like your thinking but the point is not to damage companies or shareholders; it is to hold CEOs accountable for malfeasance.
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Companies they like the products of and agree with the actions of, in the long run it will be a wash, but the short term sends a message.
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"Correlation is not necessarily causation."
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True that it is not a precise science but the stock was at $82 when they announced policy in April 16 and plunged to $50 by July 17.
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So did over a dozen public traded retail issues.http://www.nasdaq.com/symbol/xrt/stock-chart?intraday=off&timeframe=6m&splits=off&earnings=off&movingaverage=None&lowerstudy=volume&comparison=off&index=&drilldown=off …
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The point is to hold the CEOs and Directors personally responsible for malfeasance in order to protect shareholders.
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While you are certainly entitled to your opinion, I think holding a CEO, left or right, accountable is essential. Should be job of board.
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The flaw in the argument is that if they took the other side of the debate, and STILL suffered a backlash, that would also be "malfeasance."
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Actually, my point is that there is no need to take any social or political side as a company. Do it personally. Customers are left & right.
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Every corporation has its own values and mission statements. You have no problem with lobbyists and contributions, but THIS set you off.
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Protecting your brand from association with Natzis is just good business. No CEO can risk being connected to Trump now.
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Good. Because if I look at their boards it's all vanilla.
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The CEOs who left the board clearly didn't think it was influencing anything. Window-dressing is the impression I got.
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