Funds managing $4.8 trillion press the firearm industry to accept new principles on gun safety

[Charlie T Waite]

[Blackwater 53393]

Does anyone else find it ludicrous that these “money changers” who have divested themselves of all stocks related to the manufacture of firearms STILL expect to tell these manufacturers how to run their businesses??

[J.D. Daily]

This is at most virtue signaling.  Other than forcing a useless expenditure of corporate funds to produce studies, they can't do anything to force corporations to adopt their policies.  Pension funds & mutual funds can't own enough stock in a company to vote for enough board members to change a firearms manufacture's policies.  Especially when those policies will drive away their products future purchasers.  You don't have to guess what will happen; since, S&W's sales dropped to near zero when the owners got in bed with the future NY governor, then a cabinet secretary during the Hillbilly Whore Hopper' s presidency.  If a fund manager or billionaire acquired enough stock to take over a firearms corp, they would have to acquire all all the outstanding stock otherwise when their policies cause sales & stock to tank & will loose the suit by the remaining stockholders.  I am sure that the corporation's creditors will sue if the debits aren't retired before the corp. goes Tango Uniform.