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American Federation of Teachers calls for "disinvesting" in gun manufacturers
Their news release is here.
I never understood such campaigns. If you decline to invest in a viable company, someone else buys its shares, and life goes on unaffected. It appears to be the purest example of "virtue signaling," where the object is not to accomplish anything beyond having one's peers admiringly look upon one's virtue. It is thus appropriate to an age in which narcissism is becoming normalized.
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slightly reduced share price may harm compensation for executives at the business, but unless the corporation is issuing new shares, any harm to it is extremely indirect.
i wonder if all these divestment movements aren't a ploy by some sneaky hedge fund to try and buy up companies they like at reduced prices.
if these folks really wanted to put their money where their mouth was, they'd try to buy a controlling interest in the companies they didn't like, and change their behavior, or at least shut them down and cash out all the capital equipment and property.
Needless to say, the average "educator" understands investing and business about as well as the dark side of Pluto.