Blackrock is the world’s largest investment firm.  They decided they wanted to use their financial weight to push gun control by hindering the financials of gun manufacturers.

I’m not a lawyer, but this seems to me like a clear cut case of breach of fiduciary duty.

American Outdoor Brands, which is publicly traded, responded to Blackrock with what can only be called awesomeness.

The last paragraph is pure gold:

The solution is not to take a politically motivated action that has an adverse impact on our company, our employees, our industry, our shareholders, the economies we support and, most importantly, the rights of the law abiding citizens that buy our products, but results in no increase in public safety. We must collectively have the courage to ensure any actions are guided by data, by facts, and by what will actually make us safer — not by what is easy, expedient, or reads well in a headline. 

You know a the guy writing that wanted to include a “fuck you, eat shit and die” but was warned by counsel not to.

Read the whole thing.  It’s worth it.

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By J. Kb

5 thoughts on “This is how to make a corporate statement”
  1. I just read the whole thing. You’re right, that was awesome. The section on “reputational risk” is particularly good. Between the lines, it says that they won’t get into pushing for stupid laws, and they aren’t going to get into making “smart guns” [sic] because they don’t want to deal with any new boycotts.

  2. Well. That makes me want to go out and buy a S&W.

    Maybe their 1911 Performance Center. Or the 625 in .45 ACP. My wife really likes .45ACP, so this is a defensive measure on my part… 🙂

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