Alyssa Milano and the celebrities of NoRA are now targeting the investment firm BlackRock for owning 17% of Ruger.
Previously I covered American Outdoor Brands’ kick-ass statement to BlackRock, when BlackRock got bit by the anti-gun bug.
Ruger also sent out a corporate statement to its shareholders explaining how BlackRock can go eat a dick.
The Company does not condone violence involving the criminal misuse of firearms. However, the intentional criminal misuse of lawfully manufactured, distributed and sold firearms is solely the responsibility of those who misuse them. We do not support, and cannot support, stripping millions of law-abiding citizens of their Second Amendment right to own a firearm due to the evil actions of a small number of criminals.
This is how NoRA chose to spread their message to BlackRock.
BlackRock held its shareholders meeting today. @NoRA4USA Coalition condemns BlackRock’s 17% stake in Sturm, Ruger, the nation’s largest gun manufacturer. #NoRA
Here’s our statement: pic.twitter.com/cFK71LZcWk
— Alyssa Milano (@Alyssa_Milano) May 24, 2018
Here is the text of that letter.
Today, BlackRock, a global funds management firm, holds its shareholder meeting in New York. BlackRock holds a 17% stake in Sturm, Ruger, the nation’s largest gun manufacturer.
Sturm, Ruger made the AR-556 assault weapon which killed 26 people in the Sutherland Springs church massacre and has among the most aggressive stances against gun violence prevention of any weapons company. It was recently bound by shareholder action to report on the violence committed with the guns it makes, to which Sturm, Ruger President and Board Member Chris Killoy replied “what the proposal does not and cannot do is to force us to change our business.”
Sturm, Ruger’s board includes Sandra Froman, a past president of the NRA and current NRA Board Member. Froman formerly worked to promote the views of William Shockley, a physicist who perpetuated theories that whites are genetically superior to other races.
BlackRock voted to confirm the entire board, made up of Froman, Killoy and seven other exclusively white men.
This blatant disregard for shareholder will and basic humanity is emblematic of the gun and financial industries’ combined efforts to value profit over lives.
Communities of color, especially women of color, suffer disproportionately from gun violence. The “leadership” of Sturm, Ruger and the NRA shows not only a disregard for this racist outcome, but in fact has actively promoted theories which perpetuate it.
Since 2015, Sturm, Ruger has paid the NRA at least $11 Million.
BlackRock and other financial institutions which own Sturm, Ruger are guilty of allowing this deadly racism and gross neglect to continue. If BlackRock wanted to show it valued lives over money – especially the lives of people of color – it would have done so last week and voted to replace the Sturm, Ruger board. It did not.
The American financial industry is killing Americans. We demand better.
The NoRA Coalition
This is a cluster-fuck of identity politics.
Of course the problem with BlackRock is that the board has too many white men on it, and having too many white men makes anything a Klan rally, regardless of what it is.
Of course their accusations of bigotry against Ms. Froman come from an article in Mother Jones, and are 47 years old when she was a secretary in Shockley’s office as an undergraduate at Stanford.
Of course to the human shit stains of NoRA, that black gang members killing each other is Ruger’s fault and not any other possible sociological or economic issues.
I could go on like this for a while, but I lived in Chicagoland when the news broke about Ruger guns and gang violence, and that Ruger was the most popular gun maker for Chicago’s criminals.
It turned out that gang members had figured out which rail cars were transporting firearms from Ruger’s New Hampshire factory cross country to distributors. Then the gang would break into the railcar and steal the guns. One night netted more than 104 guns.
Maybe NoRA should target BlackRock for its shares of Norfolk Southern and its racist practice of black Gangster Disciples breaking into its trains to steal guns.
So, a SHAREHOLDER meeting, at which the SHAREHOLDERS re-elect the board, is described as a “blatant disregard for shareholder will”. I do not think that word means what you think it does.
Remind BlackRock that their fiduciary duty is to maximize the value of their assets for their investors and shareholders. Point their attention to Thompkins PLC; and the changes in the asset value of their subsidiary Smith and Wesson in 2000.
Enteresting to note from the Trace article in the CPD spreadsheet, of the 4513 weapons, only 24 were AR style. A lot more AK/SKS but even more .25ACP and .22s