Target feels backlash from shareholders

Dan82 · Aug 20, 2010

http://www.latimes.com/news/nationworld/nation/la-na-target-shareholders-20100820,0,5211901.story

After weeks of public protest over its financial support of an organization that backed a GOP gubernatorial candidate opposed to gay rights, Target Corp. now faces a new form of pressure: demands from institutional shareholders that it revamp its donation process to avoid the chance of additional backfires.

The shareholder action follows the disclosure last month that Target had sent corporate funds to an organization backing the Minnesota gubernatorial candidate. Such donations are allowed under a recent Supreme Court decision that lets companies and unions contribute directly to independent election campaigns.

Critics of the decision, including President Obama, feared the ruling would allow big-business dollars to disproportionately affect campaigns across the country. But the Target case suggests that customer and shareholder pressure is emerging as an unexpected factor that could rein in at least some of that corporate spending...

http://www.latimes.com/news/nationworld/nation/la-na-target-shareholders-20100820,0,5211901.story
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Just Adam · Aug 20, 2010

the share holders should kick butt over this..its costing them money,

Beachboi92 · Aug 20, 2010

this is what people need to do every time corporations make donations like this to keep them in check. Honestly people should boycott any corporation that makes massive campaign donations to try and buy out elections.

Revan · Aug 20, 2010

Bahaha is all I can say.

Target feels backlash from shareholders

Dan82
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Target feels backlash from shareholders

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