Leftist Fascist "Catholics" in Action - or- Why I'm an ex-catholic
I haven't been this pissed off in a very long time!
While we're very happy to have you in the Gulch and appreciate your wanting to fully engage, some things in the Gulch (e.g. voting, links in comments) are a privilege, not a right. To get you up to speed as quickly as possible, we've provided two options for earning these privileges.
It wasn't just a minority. According to the article, "Shareholders — apparently including large institutional investors — sided with advocates who included nuns from the Sisters of the Holy Names of Jesus and Mary in Marylhurst, Ore., to back the proposal. Ruger's largest shareholder is money management firm BlackRock; Vanguard is also a large investor in the company."
Those voting for it may or may not have been a minority of stockholders and some of them may or may not have understood what it meant, but those voting for the policy were a majority of those voting.
If an investor wants to buy stock and proposes some sub-optimal financial return, well ok, it is their money.
But in this case, and many others, the investors are not investors,
they are not investing for maximum (or satisfactory) financial return.
They are using other peoples' money for their own pet projects.
The other people could be contributors to a pension scheme, supporters of a
charity, and so on, they have weak control of, and low interest in how the money is invested or used.
I wonder if a legal case against this sort of thing is possible on the grounds of failing fiduciary duty?
Never would I under any circumstances take a private company public and give the scum on Wall St a chance to steal my life's work. It's been a rigged game for more than a century.
After 2 seconds thought, the auto industry is going
to be in trouble bigger than the VW scandal.