Wow! Incredible---Ruger's Shareholder Proposal Passes
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Wow! Incredible---Ruger's Shareholder Proposal Passes
I could not believe this---incredible---but apparently true:
https://www.nytimes.com/2018/05/09/busi ... vists.html
https://www.nytimes.com/2018/05/09/busi ... vists.html
Please know and follow the rules of firearms safety.
Re: Wow! Incredible---Ruger's Shareholder Proposal Passes
One of the risks of going public. I think I'll buy some Ruger stock.
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Re: Wow! Incredible---Ruger's Shareholder Proposal Passes
The article is a little misleading, and it even took me a minute to put 2 and 2 together. The NYT has it adding up to 5. The headline says “Sturm Ruger Shareholders Adopt Measure Backed by Gun Control Activists”......leading one to assume that Ruger had adopted such a measure. You have to read almost all the way through the story before realizing that, in fact, a minority of shareholders adopted a gun-control measure, and were completely unsuccessful in getting Ruger to adopt it. In fact, the last two paragraphs say it all:
“Open up” my great aunt Edna’s considerable posterior. More characterless muckraking from a member of the Democrat Steno Pool (AKA “the media”).Ruger has faced previous pressure to open up. In 2016, New York’s public advocate asked the Securities and Exchange Commission to look into allegations that Ruger had misled investors and failed to properly disclose its reputational and liability risks.
“This is not the first time this has happened, though there’s a little more intensity now,” said Brian G. Rafn, a principal at Morgan Dempsey Capital Management, referring to calls for changes in the gun industry. “This is a very, very polarized time, with everyone lining up on either side of the fence.”
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”
― G. Michael Hopf, "Those Who Remain"
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― G. Michael Hopf, "Those Who Remain"
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Re: Wow! Incredible---Ruger's Shareholder Proposal Passes
NYT Fake news. No surprise there. Just saying.
Gun control is like stopping drunk driving by making it harder for sober people to drive.
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Re: Wow! Incredible---Ruger's Shareholder Proposal Passes
Received this from Ruger this evening.
The left lies about everything. Truth is a liberal value, and truth is a conservative value, but it has never been a left-wing value. People on the left say whatever advances their immediate agenda. Power is their moral lodestar; therefore, truth is always subservient to it. - Dennis Prager
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Re: Wow! Incredible---Ruger's Shareholder Proposal Passes
This was the loudest thing proposed at the meeting, and Amalgamated Bank backed off of their push to block her from re-election.One of the organizations that backed the effort to block her, Amalgamated Bank, an institutional investor and retail bank that promotes social justice issues, had said Ms. Froman’s close ties to the N.R.A. “may inhibit objective assessment and management of the risks” that Ruger faced.
So they have to prepare a report.
And for all that is good in the world, can we please drop Smart Gun Technology? That's worse than the mythical VDI.
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Re: Wow! Incredible---Ruger's Shareholder Proposal Passes
The shareholder proposal which passed---the requirement for a report---is itself ridiculous. From the article:
Now, Ruger must produce a report by February that addresses how it tracks violence associated with its firearms, what kind of research it is conducting related to so-called smart gun technology (such as using thumbprint readers, like those used on smartphones) and its assessment of the risks that gun-related crimes pose to the company’s reputation and finances.
Wonder if Ford will have to prepare a report on the DWI deaths associated with its F-150 pickups...
Now, Ruger must produce a report by February that addresses how it tracks violence associated with its firearms, what kind of research it is conducting related to so-called smart gun technology (such as using thumbprint readers, like those used on smartphones) and its assessment of the risks that gun-related crimes pose to the company’s reputation and finances.
Wonder if Ford will have to prepare a report on the DWI deaths associated with its F-150 pickups...
Please know and follow the rules of firearms safety.
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Re: Wow! Incredible---Ruger's Shareholder Proposal Passes
Ruger stock closed up $2.65 a share today.
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Re: Wow! Incredible---Ruger's Shareholder Proposal Passes
And the answers (for Ruger) will be: it doesn’t track violence committed with Ruger firearms; it’s not conducting research into the impossible; and there is no more risk to Ruger than there is to Ford or Honda for the misuse of their products.dlh wrote:The shareholder proposal which passed---the requirement for a report---is itself ridiculous. From the article:
Now, Ruger must produce a report by February that addresses how it tracks violence associated with its firearms, what kind of research it is conducting related to so-called smart gun technology (such as using thumbprint readers, like those used on smartphones) and its assessment of the risks that gun-related crimes pose to the company’s reputation and finances.
Wonder if Ford will have to prepare a report on the DWI deaths associated with its F-150 pickups...
......and then - just like Howard Schultz, Starbucks’ CEO, said to those investors who were concerned about Starbucks’ stance on gay marriage issues - Ruger CEO Christopher J. Killoy can invite those investors who disapprove of Ruger’s methods to find another vehicle for their investment dollars, if they think they can find one with the same ROI.
It is ABSOLUTELY OK to use the other side’s methods against them.
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”
― G. Michael Hopf, "Those Who Remain"
#TINVOWOOT
― G. Michael Hopf, "Those Who Remain"
#TINVOWOOT
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Re: Wow! Incredible---Ruger's Shareholder Proposal Passes
Has anybody noticed that the NYT has deleted the above-quoted sentence about Froman, without so much as a notice that they edited the article? The NYT would rather have its nether regions pounded flat with a mallet than to speak truth.TexasJohnBoy wrote:This was the loudest thing proposed at the meeting, and Amalgamated Bank backed off of their push to block her from re-election.One of the organizations that backed the effort to block her, Amalgamated Bank, an institutional investor and retail bank that promotes social justice issues, had said Ms. Froman’s close ties to the N.R.A. “may inhibit objective assessment and management of the risks” that Ruger faced.
So they have to prepare a report.
“Hard times create strong men. Strong men create good times. Good times create weak men. And, weak men create hard times.”
― G. Michael Hopf, "Those Who Remain"
#TINVOWOOT
― G. Michael Hopf, "Those Who Remain"
#TINVOWOOT
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Re: Wow! Incredible---Ruger's Shareholder Proposal Passes
This article is on NPR
https://www.npr.org/sections/thetwo-way ... resolutionSturm Ruger, one of the largest gunmakers in the U.S., will track and report on gun violence involving its products, after its shareholders backed a proposal that the company's board had recommended not adopting.
Ruger says that while it must now produce the gun violence report, the proposal — which it called a "shareholder's activist resolution" — cannot "force us to change our business."
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