Smith & Wesson is one of the big dogs in the American gun market. They’ve been around for years and their name is recognizable even to people who know nothing about firearms.
But like a lot of gun companies, they have a problem. They have activist shareholders.
These are investors who invest in these companies not to support them or make a profit, but to have a vote in the operation of the company and to seek to dictate anti-gun terms to the company as a whole.Luckily, they tend to come up a bit short with their efforts during corporate annual meetings. So far, at least, they’ve not been able to dictate terms to companies in any way that really trips up the civilian market.But a new effort by some of Smith & Wesson’s activist shareholders is something different . A group of Catholic nuns on Tuesday sued […]
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