Friday, August 20, 2010

Investors now hammer Target political contribution

The Target political contribution saga continues

Now, major investors in Target are asking independent board members to review political contribution policies.

One investment manager said they can't believe Target didn't see how political contributions toward controversial candidates affect the bottom line and its business.

Several groups are calling for a boycott.

Many corporations will be reviewing their policies and many are likely to be chilled.

What's interesting about this whole series of events is that the need to do good business trumps the need to be political or make a statement, especially with investors money!

Here's latest Strib story which also quotes L.A. Times.This story is getting a lot of traction and will likely not go away soon.

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