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re: Tractor Supply loses $2 billion in market cap. Does a 180 on DEI policy. ETA John Deere...
Posted on 6/29/24 at 1:16 pm to N2cars
Posted on 6/29/24 at 1:16 pm to N2cars
quote:
A company exists solely to return value to investors, whether it be stockholders, owners, or lenders. Profit. Is. All. That. Matters
Ideally yes, which is why any company that wants to be apolitical should remain private. You go public and Vanguard, Blackrock, and State Street will slowly buy up the majority of your shares and they only care about DEI/ESG bullshite. They’ll artificially keep your share price high even if your actual bottom line is suffering because they don’t care about your actual business. They will use and abuse your company’s shares for their social issues and once they have destroyed your brand they will sell off their shares for a profit and move onto the next one. They are locusts and any public American company that doesn’t champion their causes is a target.
3
Posted on 6/29/24 at 1:17 pm to jbird7
quote:
This just blows me away how stupid these CEOs are. Who the frick in that company’s board room thought catering to LGbtqfjdodncnr and funding sex change operations would be a good idea? Seriously how much money has tractor supply made off the gay community over the years? I would love to know that stat.
But but the OT said that mega corp CEOs were all the most brilliant people on earth and deserve every penny of comp they get. Surely they aren't dumbfricks who trip over their dicks to piss off their core customer every chance they get right???
Posted on 6/29/24 at 1:19 pm to Dairy Sanders
quote:
once they have destroyed your brand they will sell off their shares for a profit
Can you think of a single example of Vanguard, Black Rock or State Street destroying a brand and THEN selling it off for profit?
Posted on 6/29/24 at 1:54 pm to upgrayedd
quote:
All the boomers said they'd grow out of it once they got in the real world
This is bull shite. You must be hanging around former flower children if this is your take. It’s moronic
Posted on 6/29/24 at 2:01 pm to Dairy Sanders
quote:
Vanguard, Blackrock, and State Stree
I really don’t get this boogeyman dei thing from finance bros. They care about one thing and one thing only. Making money. They do not give a single frick about anything else. I’ve done deals with all 3 of them and can speak from personal experience. They’re really easy to deal with because they only care about that one thing. Everything else is just smoke and mirrors.
Posted on 6/29/24 at 2:09 pm to theCrusher
quote:
They’re not dropping DEI unless they fire the CEO, head of HR and most of the staff, entire DEI team and kick off the board members that supported DEI.
Correct. It’s impossible to fully understand just how deeply progressivism has poisoned society. It started perhaps in academia. Colleges are pumping woke grads into the workforce. Many will avoid the indoctrination and many will change once into the real world, but many will not. They’re activists and aren’t going to let a little customer outrage derail their goals.
Posted on 6/29/24 at 2:11 pm to billjamin
quote:
I really don’t get this boogeyman dei thing from finance bros. They care about one thing and one thing only. Making money.
Your assumption is wrong.
Posted on 6/29/24 at 2:14 pm to SoFla Tideroller
quote:
Your assumption is wrong.
I’ve done deals with all three that he listed. I’m speaking from personal experience.
Posted on 6/29/24 at 2:28 pm to dallastiger55
quote:Apparently a few banks which lend the most money insist on high ESG scores. Probably institutional investment corporations such as Vanguard as well.
Why the F do companies bend the knee for 2% of the population?
Posted on 6/29/24 at 2:30 pm to Jake88
quote:
Apparently a few banks which lend the most money insist on high ESG scores. Probably institutional investment corporations such as Vanguard as well.
Ah yes the dark shadows forcing this... Got any sources... Didn't think so
Posted on 6/29/24 at 2:31 pm to billjamin
quote:
I’ve done deals with all three that he listed. I’m speaking from personal experience
Yeah because low level deals with entry level employees brought you insight into the leadership of those firms.
Posted on 6/29/24 at 2:32 pm to Dairy Sanders
quote:
They will use and abuse your company’s shares for their social issues and once they have destroyed your brand they will sell off their shares for a profit
That does not even make any sense. You guys don't event understand why companies like Black Rock own so many shares of every company to begin with
Posted on 6/29/24 at 2:34 pm to Dairy Sanders
quote:
Yeah because low level deals with entry level employees brought you insight into the leadership of those firms.
If you say so man. I don’t really give a shite. Just know that they’re playing you and getting the response they want.
Posted on 6/29/24 at 2:35 pm to UltimaParadox
Posted on 6/29/24 at 2:46 pm to CarolinaGamecock99
Ah yes the one minute clip on YouTube. That fink has walked back. Since he admits it cost his company 4 billion dollars.
Where are the banks requirements documents that require high esg scores to secure a loan?
Do you know that fink and Black Rock are the largest investors in the oil and gas industry?
Guess that is why they get attacked on all sides. He only cares about money and says anything that makes it happen.
Where are the banks requirements documents that require high esg scores to secure a loan?
Do you know that fink and Black Rock are the largest investors in the oil and gas industry?
Guess that is why they get attacked on all sides. He only cares about money and says anything that makes it happen.
Posted on 6/29/24 at 2:58 pm to Dairy Sanders
quote:
Yeah because low level deals with entry level employees brought you insight into the leadership of those firms.
Don't crush his dreams, man. He got a letter from Blackrock with Larry Fink's name stamped at the bottom.
Posted on 6/29/24 at 3:00 pm to RummelTiger
quote:
So many fail to understand this.
That’s because they have been selling this shite since at least since 1983 when my Marketing Professor at LSU kept talking about “stakeholders” being the actual constituency that the BOD was supposed to serve, rather than shareholders. Bunch of crap!
Posted on 6/29/24 at 3:02 pm to TDTOM
quote:
Don't crush his dreams, man. He got a letter from Blackrock with Larry Fink's name stamped at the bottom.
It’s funny that the ones trying to talk shite are so clueless about how any of this works. I’m content to let you remain ignorant and get played by the finance bros.
This post was edited on 6/29/24 at 3:05 pm
Posted on 6/29/24 at 3:03 pm to SteelerBravesDawg
quote:
So brave.
Your people out there pretending to be oppressed and requiring DEI (anti straight white) as the remedy. But here you are poking fun of anyone who doesn’t support said DEI.
Posted on 6/29/24 at 3:05 pm to billjamin
quote:
It’s funny that the ones trying to talk shite are so clueless about how any of this works. I’m content to let you remain ignorant get played by the finance bros.
Ah, billjamin. Always the smartest person in every thread.
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