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Asset managers privately supported Ruger while publicly criticizing

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  • 0ddl0t
    Banned
    • Jul 2018
    • 60

    Asset managers privately supported Ruger while publicly criticizing

    Blackrock & Vanguard, asset managers largely known for their passive index funds, seemingly turned activist after the Parkland shooting by publicly backing a Catholic nun's demands for Ruger to report on how its products are used in violent crime and to study & report measures it can take to reduce gun violence.

    But today we find out that the asset managers privately supported Ruger management and were just trying to publicly deflect criticism away from themselves (Parkland activist David Hogg had called for a boycott of Vanguard & Blackrock because, as index funds, they owned ~30% of the gun maker).

    Funds run by BlackRock Inc and Vanguard Group backed all directors at gunmaker Sturm Ruger & Co Inc despite the company's rare rejection of talks with the world's top asset managers, disclosures to regulators on Thursday showed. The votes by the gunmaker's largest investors stood in contrast to support BlackRock and Vanguard gave to a measure calling on Sturm Ruger to report on the safety of its products, which passed over the board's objections at the company's annual meeting on May 9. Neither BlackRock nor Vanguard would discuss in detail their votes at the meeting.
  • #2
    mlevans66
    Calguns Addict
    • Oct 2009
    • 9516

    Ruger is just out here trying to make a legal buck and a Nun of a religion in shame now because of its leaders actions and a constant victim and child are trying to bring them. How sad as adult we allow this to happen.
    The liberal see's the glass as half full and tries to take more.
    The conservative see's glass as half empty and tries to keep it that way.
    I'm with the people on the side just pouring water in the glass trying to get a drink!

    Comment

    • #3
      splithoof
      Calguns Addict
      • May 2015
      • 5733

      David Hogg needs to change his diaper.

      Comment

      • #4
        superdave50
        Senior Member
        • Feb 2017
        • 813

        the catholic church has certainly ruined more children's lives then Ruger has

        Comment

        • #5
          Kevfin
          Member
          • Aug 2018
          • 376

          Originally posted by splithoof
          David Hogg needs to change his diaper.
          If David Hogg really cared about people dying, he'd concentrate on distracted driving. 3,450 lives in 2016 alone



          I know guns are evil to some. But, there are others things that are far more deadly and aren't a RIGHT.
          The race is not won to the swift or the strong, but to the one who endures until the end.

          Safety Rule #1:
          1) Treat all tweakers like they are loaded

          Comment

          • #6
            God Bless America
            Calguns Addict
            • May 2014
            • 5163

            Originally posted by superdave50
            the catholic church has certainly ruined more children's lives then Ruger has
            Damn straight. And a damn shame.

            Comment

            • #7
              squeeze
              Senior Member
              • Jul 2011
              • 1331

              Originally posted by superdave50
              the catholic church has certainly ruined more children's lives then Ruger has
              added to my long list of great quotes-thanks

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