WFB:
Americans for Tax Reform announced a new project designed to counter activist investors who have passed resolutions potentially damaging to gun companies and other corporations as a means of achieving a political goal.
“ATR feels there is a need to protect the long-term interests of small investors and pension fund beneficiaries from activist shareholders, proxy advisory firms and Washington proposals that use financial institutions as the venue to enact the social and political agenda of few, that cannot be accomplished through the legislative process,” James Setterlund, executive director of the newly formed Shareholder Advocacy Forum, told the Washington Free Beacon. “The Shareholder Advocacy Forum will provide a voice for these shareholders and hold executives and directors accountable when they prioritize activist proposals ahead of their fiduciary responsibility.”
Publicly traded gun manufacturers have been a recent target of these investors. Smith & Wesson’s parent company was recently forced to conduct a study about the viability of “smart guns” and the reputation risks of selling firearms despite the company opposing the move.
“Today’s report complies with a Resolution that was passed by a small percentage of our shareholders in September,” American Outdoor Brands told the Free Beacon in February. “Despite the fact that the Resolution was put forward by parties whose interests were not aligned with those of our customers, or those of our shareholders seeking true risk mitigation and value creation, the report represents our good faith effort and investment of company resources. Its contents demonstrate that our reputation with our customers for protecting their Second Amendment rights, and our ability to manufacture the high-quality firearms they want to purchase, are paramount to sustaining and growing our market share and stockholder value.”
The study ultimately found “smart guns” were not a viable product and consumers don’t blame the gun company for crimes committed with its products by a third party. READ MORE
Any business with shareholders could face the same activists. Let’s get a couple million conservative”investors” to demand fb, tweeter, google, apple etc stop censorship and only present facts. Past time to turn the tables.
A question: If they actually manage to develop a reliable “smart gun” (I suggest all police should be required to have them first to show how reliable they are), what do they intend to do about the millions of already manufactured regular guns the public owns?
This needs to be considered by everyone that owns one.
ATR (Americans for Tax Reform) — doing the job that the NRA can’t/won’t/isn’t doing.
WHat I’d LIKE to see is a group of the arms and ammunition manufacturers get together, pool some money, and make their own bank and credit card company. Bypass the “Operation Choke Point” altogether. I’d be willing to toss in a few bucks as a startup investment.
About time.
Anon, they will either grandfather existing guns or be looking down the ends of the barrels! No other options I can think of.
@Anonymous MAY 24, 2019 AT 12:27 PM
“A question: If they actually manage to develop a reliable “smart gun” (I suggest all police should be required to have them first to show how reliable they are), what do they intend to do about the millions of already manufactured regular guns the public owns?
This needs to be considered by everyone that owns one.”
Judging by the (lack of) reliability of the fingerprint ID recognition feature of my iPhone, I doubt that any serious police department would EVER adopt this feature.
Maryland had a slimeball Governor pushing this smart gun
idea about 20 years ago. He called a press conference
to show the new and improved, extra special, safe pistol
and couldn’t get it to work as the cameras cameras ran and ran.
Wound up looking like the dork he was.
I can only imagine how good things could be if so much time and effort didn’t have to be wasted unfucking the messes the libs make.
“what do they intend to do about the millions of already manufactured regular guns the public owns?”
Confiscate them, of course. And ensure your “smart” guns have a back door that lets the government disable them any time they want. Which also means criminals (but I repeat myself) can disable your guns too.
Police, select people, and criminals will have “dumb” guns that can shoot anyone any time anywhere. It’s just “common sense” gun control.