The attorneys general also said they believed Target’s Pride campaign threatened their financial interests, writing that Target leadership has a “fiduciary duty to our States as shareholders in the company” and suggesting that company officials “may be negligent” in promoting the campaign since it has negatively affected Target’s stock prices and led to some backlash among customers.
I didn’t realize the government needed to step in if a business makes decisions that hurt their profit. That doesn’t sound like a free market at all.
Being a shareholder means having partial ownership of the company, so company owners telling the company what they can’t do sees pretty free-markety to me. Just weird seeing a republican government using their shares as leverage to control companies, but given republicans really never cared about free markets, its not that surprising.
Yeah I should have worded it a little differently. The government being able to buy shares and use them as leverage for political reasons is still not great though.
Seriously.
I didn’t realize the government needed to step in if a business makes decisions that hurt their profit. That doesn’t sound like a free market at all.
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Being a shareholder means having partial ownership of the company, so company owners telling the company what they can’t do sees pretty free-markety to me. Just weird seeing a republican government using their shares as leverage to control companies, but given republicans really never cared about free markets, its not that surprising.
Yeah I should have worded it a little differently. The government being able to buy shares and use them as leverage for political reasons is still not great though.