Dick’s Sporting Goods CEO Ed Stack earlier this month said the company destroyed $5 million worth of “assault rifles.” Last year Stack helped forward the gun control activists’ narrative by adjusting company policy on what guns can be sold and raising the minimum age for purchase to 21. The company made the announcement early last year:
We deeply believe that this country's most precious gift is our children. They are our future. We must keep them safe. Beginning today, DICK'S Sporting Goods is committed to the following: https://t.co/J4OcB6XJnu pic.twitter.com/BaTJ9LaCYe
— DICK'S Sporting Goods (@DICKS) February 28, 2018
At the same time, we implore our elected officials to enact common sense gun reform and pass the following regulations: https://t.co/J4OcB6XJnu pic.twitter.com/VUuFKkyk6c
— DICK'S Sporting Goods (@DICKS) February 28, 2018
After all that appeasing of the pro-gun control crowd, Dick’s Sporting Goods’ CEO is reportedly considering something:
Ed Stack, the CEO of Dick’s Sporting Goods and a longtime Republican donor, is testing the waters for a possible third-party presidential bid https://t.co/xwSu9m3Uts
— POLITICO (@politico) October 23, 2019
Via Politico:
Ed Stack, the CEO of Dick’s Sporting Goods and a longtime Republican donor, is testing the waters for a possible third-party presidential bid that could scramble the dynamics of the 2020 general election.
Various messages were presented to a focus group in southern Wisconsin this week centering on the billionaire businessman, along with possible three-way match-ups against Donald Trump and Joe Biden or Elizabeth Warren.
The focus group, according to a source who took part in the testing, ran through varying themes involving Stack and heavily focused on his example of “showing leadership” by halting the sale of assault-style rifles at all of Dick’s Sporting Goods stores in the wake of the high school massacre in Parkland, Fla.
It seems as if that could spark a lot of questions:
Haven't we had one Dem candidate (Swalwell) run on gun control and drop out, and another (O'Rourke) sink in polls pledging to confiscate guns? Room for a third-party gun candidacy? https://t.co/Co7Gy71t5g
— Byron York (@ByronYork) October 23, 2019
Did plans to run for president have a bearing on Stack’s decision to have his company get woke on guns?
It sure sounds like Dick's CEO destroyed a portion of his publicly-traded company's products and revenues (to the tune of a quarter billion dollars) in order to further a potential personal political campaign. What are the legal implications of that? https://t.co/utrC8tO2VL
— Stephen Gutowski (@StephenGutowski) October 23, 2019
How ya feeling @DICKS shareholders, now that you know this fella jeopardized your market share and return on investment for nothing more than a marketing scheme, a launching pad for his own political ambitions? https://t.co/ulUUVpWbh6
— Nieds Dead Horse (@NDH_j_m_f) October 23, 2019
It makes a lot more sense now, eh, his cavalier statements regarding the loss that was posted following his anti-gun stance. Of course it was “worth it” to him. He bought, with shareholder dollars, $250M worth of SJW street cred. @dicks
— Nieds Dead Horse (@NDH_j_m_f) October 23, 2019
Those guns he destroyed? Those are known as “inventory“
His stunts already had the stench of political ambition and now we know for sure. Were I a stockholder in this company, I would demand accountability.
— Nieds Dead Horse (@NDH_j_m_f) October 23, 2019
Time will tell what the stockholders think of all this if it does in fact begin to unfold.
So you mean that gun control preening was politically motivated the whole time? I am shocked, I tell you, shocked. https://t.co/SCWqO2xG1U
— Brad Todd (@BradOnMessage) October 23, 2019
"Hi. You might know me as the guy who cost my shareholders millions of dollars for some useless virtue signaling. Vote for me to fix things."
Everyone: Nah man, we're good. https://t.co/OCWQeSsIBF
— Physics Geek (@physicsgeek) October 23, 2019
Seems like a stockholder issue
— sadsackmac (@sadsackmac) October 23, 2019
He has fiduciary obligations to the company and stockholders to not do that. Stockholders certainly have grounds for a lawsuit, board could can him, too.
— Proud Texan (@BecomeATexan) October 23, 2019
Pass the popcorn.
