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3/29/2015 8:54 am  #1


Wal-Mart Fights Bid to Curb Gun Sales

An interesting case in the Federal court system!
How much influence should investors have over a company's day-to-day operations?

Wal-Mart Fights Bid to Curb Gun Sales
http://www.nasdaq.com/article/walmart-fights-bid-to-curb-gun-sales-20150322-00030

A U.S. appeals court showdown looms next month for Wal-Mart Stores Inc. in a case with potentially broad impact on how much influence investors can have over their companies.The dispute concerns Wal-Mart's sales of assault rifles with high-capacity magazines. New York'sTrinity Wall Street church wants shareholders to vote on a resolution calling on Wal-Mart's board to review management decisions to sell the weapons, as well as other products that could harm the company's reputation.
 

Last edited by Common Sense (3/29/2015 8:54 am)


 “We hold these truths to be self-evident,”  former vice president Biden said during a campaign event in Texas on Monday. "All men and women created by — you know, you know, the thing.”

 
 

3/29/2015 9:18 am  #2


Re: Wal-Mart Fights Bid to Curb Gun Sales

A company fighting for what currently makes them money ... never heard of such a thing ! 
 


"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"
 
 

3/29/2015 9:34 am  #3


Re: Wal-Mart Fights Bid to Curb Gun Sales

How much influence should investors have?
Lots, and lots of it.
Shareholders are the owners of the company.


We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists. 
 

3/29/2015 9:40 am  #4


Re: Wal-Mart Fights Bid to Curb Gun Sales

With a "public company", aren't the shareholders the "owners" of the company? Shouldn't the "owners" therefore have some control over the company's vision, values, and operation?

The problem is that shareholders vote based on the number of shares they own. It's not a one, man one vote deal. Since the overwhelming number of shares are held by investment companies and executives of the business, I'm pretty sure their position will prevail . . . and that will be weighted toward profit building over anything else.

 

3/29/2015 10:49 am  #5


Re: Wal-Mart Fights Bid to Curb Gun Sales

The problem is that shareholders vote based on the number of shares they own. It's not a one, man one vote deal.  -  rongone

Ahhhhhhhhhhhh, there's the rub.

 

3/29/2015 10:51 am  #6


Re: Wal-Mart Fights Bid to Curb Gun Sales

Just Fred wrote:

The problem is that shareholders vote based on the number of shares they own. It's not a one, man one vote deal.  -  rongone

Ahhhhhhhhhhhh, there's the rub.

Well, the more of the company that you own, the more skin you've got in the game.


We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists. 
 

3/29/2015 11:16 am  #7


Re: Wal-Mart Fights Bid to Curb Gun Sales

Goose wrote:

Just Fred wrote:

The problem is that shareholders vote based on the number of shares they own. It's not a one, man one vote deal.  -  rongone

Ahhhhhhhhhhhh, there's the rub.

Well, the more of the company that you own, the more skin you've got in the game.

 

Unfortunately, the game is kind of rigged. The average investor is not given a gazillion shares of stock at no cost or a highly discounted rate per their employment contract on an annual basis.

 

3/29/2015 11:29 am  #8


Re: Wal-Mart Fights Bid to Curb Gun Sales

Rongone wrote:

Goose wrote:

Just Fred wrote:

The problem is that shareholders vote based on the number of shares they own. It's not a one, man one vote deal.  -  rongone

Ahhhhhhhhhhhh, there's the rub.

Well, the more of the company that you own, the more skin you've got in the game.

 

Unfortunately, the game is kind of rigged. The average investor is not given a gazillion shares of stock at no cost or a highly discounted rate per their employment contract on an annual basis.

Like it or not, that is the way it SHOULD work (ie-the more shares you own, the more votes in essence you get) . In the same sense there have been a number of situations where large pension plans with their vast holdings in certain public companies have had influence that was not necessarily just in the interest of the "bottom line". 

Just as an aside, at a personal level,  I wonder how many do not take the time to use their proxy votes when you receive them from a corporation or fund ?? 



 


"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"
 
 

3/29/2015 11:38 am  #9


Re: Wal-Mart Fights Bid to Curb Gun Sales

"In the same sense there have been a number of situations where large pension plans with their vast holdings in certain public companies have had influence that was not necessarily just in the interest of the "bottom line". ". Tennyson


Enlighten me on these situations.

 

3/29/2015 12:02 pm  #10


Re: Wal-Mart Fights Bid to Curb Gun Sales

Rongone wrote:

"In the same sense there have been a number of situations where large pension plans with their vast holdings in certain public companies have had influence that was not necessarily just in the interest of the "bottom line". ". Tennyson


Enlighten me on these situations.

I remember Calpers being involved in such situations. I also remember Calpers CEO being sued for inappropriate financial dealings also. So, where groups like this can work opposite from corporate board desires they also can also be in cahoots or even out for their own gain (shocker). 

I still want the system (perhaps as bad as it is) to work the way it does (ie 1 share = 1 vote). Majority ownership should always have that right. What happens a lot IMHO is that the things being voted on are largely ignored by the voting public since they do not know or care about the situations being brought to a vote. That is why I also asked the quesiton about whether people take the time to research or even vote when you get a proxy vote. That same question would apply to not only individuals but also those groups such as pension funds, bank trusts, etc that hold large number of shares. 



 


"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"
 
 

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