Armed Polite Society
Main Forums => Politics => Topic started by: Angel Eyes on April 30, 2019, 09:26:38 PM
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https://www.fool.com/investing/2019/04/20/sturm-ruger-targeted-by-activists-again.aspx
Activists won a shareholder proposal demanding that Ruger monitor violent crimes using its firearms, examine so-called smart gun technology, and assess the risks gun violence may be causing to both Ruger's reputation and its finances.
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Ruger's report was issued in February and detailed the problems inherent in monitoring criminal events, the severe limitations smart gun technology possesses, and the nominal risks facing it above and beyond what Ruger is already required to assess.
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The activists did not like Ruger's response, leading Majority Action -- a group that bills itself as a platform that "empowers individuals and groups to organize for progressive causes," along with the Interfaith Center on Corporate Responsibility (ICCR), one of the groups behind last year's proxy fight -- to attempt to penalize Ruger chairman Michael Jacobi and director Sandra Froman. Froman also serves as a director of the National Rifle Association (NRA), where she has held several executive positions, including president between 2005 and 2007.
The activist organizations are calling for shareholders to withhold their votes from the nominees at the May 8 annual meeting, a gesture that would be mostly symbolic.
While Majority Action, et al. haven't been able to do much so far, expect this sort of pressure to continue.
I wonder how difficult/costly it would be for Ruger to take the company private.
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Good grief, that's horrific in a way. Spending money on guns as a means to support 2A companies also enriches the anti-2A crowd who are stockholders. Ugh.
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I seem to recall sometime ago certain anti-gun groups publicly stating this was their plan.
IIRC S&W is also having issues with this
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This made some sort of news awhile ago. A group of gun protesters bought like $1200 worth of Ruger stock and demanded to be treated like board members. :laugh:
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Good grief, that's horrific in a way. Spending money on guns as a means to support 2A companies also enriches the anti-2A crowd who are stockholders. Ugh.
Solution -- buy guns from companies that are losing money. Like Colt and Remington [a.k.a. Marbushlington].