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Yo_Mama_Been_Loggin

(107,900 posts)
Sun Nov 1, 2020, 03:21 PM Nov 2020

People are calling to boycott Home Depot after its co-founder said he was voting for Trump

and encouraged others to do the same

Angry shoppers are once again calling for a boycott of Home Depot after its co-founder announced his support for President Trump in the 2020 election.

In a Friday opinion article in Fox News, Home Depot co-founder Bernie Marcus explained why he was supporting a second term for President Trump and why other Americans should do similarly. In the wake of the article, people took to Twitter to voice their disapproval using the hashtag #boycotthomedepot.


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-snip-
Marcus, who Forbes reported is worth $7.4 billion, left Home Dept in 2002 but the billionaire is a known megadonor for the GOP and donated $7 million to Trump during the 2016 campaign, data from the Center for Responsive Politics showed.

"Bernie retired from The Home Depot about 20 years ago and does not speak on behalf of the company," a Home Depot spokesperson told Business Insider. "The Home Depot does not give money to presidential campaigns or endorse presidential candidates."

https://www.yahoo.com/news/people-calling-boycott-home-depot-143926620.html
22 replies = new reply since forum marked as read
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People are calling to boycott Home Depot after its co-founder said he was voting for Trump (Original Post) Yo_Mama_Been_Loggin Nov 2020 OP
I have for years cuz of this soothsayer Nov 2020 #1
How does boycotting Home Depot hurt him? Kaleva Nov 2020 #2
Most of his wealth is tied up in the company. Native Nov 2020 #5
He owns a very small percent of the total stock of the publicly traded company, Ms. Toad Nov 2020 #10
I simply answered a question. I didn't state my position. Native Nov 2020 #19
This message was self-deleted by its author JonLP24 Nov 2020 #22
It'd have to be a massive boycott then in order to hurt him Kaleva Nov 2020 #11
Is he a major shareholder in Home Depot? DBoon Nov 2020 #7
No. Ms. Toad Nov 2020 #12
good DBoon Nov 2020 #14
I detest Home Depot! SheltieLover Nov 2020 #3
Not a surprise. He has NEVER supported a Democrat as far as I can tell. nt Blue_true Nov 2020 #4
Lowe's gives money to the right too. It sucks. zackymilly Nov 2020 #6
I've been boycotting Home Depot for years because of Marcus. kimbutgar Nov 2020 #8
I started boycotting Home Depot a few months ago. In_The_Wind Nov 2020 #9
I stopped all HD purchases 4 years ago beachbumbob Nov 2020 #13
Off to Lowes right now. Making an extra drive to fuck Home Depot. BSdetect Nov 2020 #15
My problem with boycotting Home Depot is that it affects many employees; here in 42bambi Nov 2020 #16
This has been posted and essentially debunked PoindexterOglethorpe Nov 2020 #17
This again? sarisataka Nov 2020 #18
I have for years and will continue to do. LiberalFighter Nov 2020 #20
This has been going on for four years greenjar_01 Nov 2020 #21

Ms. Toad

(34,060 posts)
10. He owns a very small percent of the total stock of the publicly traded company,
Sun Nov 1, 2020, 03:35 PM
Nov 2020

And has no current role in running it.

Are you really willing to punish everyone else who owns shares of the company, directly, through their mutual funds, as part of a state retirement fund, etc., And all of the employees who depend on their paychecks to survive just to get back at one idiot?

Native

(5,939 posts)
19. I simply answered a question. I didn't state my position.
Sun Nov 1, 2020, 05:11 PM
Nov 2020

And those were his words from a 2019 interview. My background is in finance, so I understand how something like this plays out - all of its impacts.

Response to Ms. Toad (Reply #10)

Kaleva

(36,294 posts)
11. It'd have to be a massive boycott then in order to hurt him
Sun Nov 1, 2020, 03:36 PM
Nov 2020

and it'd probably have more of an impact on the workers there (layoffs) then him.

DBoon

(22,354 posts)
7. Is he a major shareholder in Home Depot?
Sun Nov 1, 2020, 03:29 PM
Nov 2020

Best info I can find has the usual financial institutions as major shareholders.

Ms. Toad

(34,060 posts)
12. No.
Sun Nov 1, 2020, 03:37 PM
Nov 2020

I did the calculations the last time this nonsense was posted. While it may be true that his wealth is tied up in HD, the reverse is not true. He is a small potatoes owner.

zackymilly

(2,375 posts)
6. Lowe's gives money to the right too. It sucks.
Sun Nov 1, 2020, 03:27 PM
Nov 2020

So far in 2020, Lowe's' PAC has given a total of $540,500 to politicians, with a breakdown of 30% in contributions to Democratic candidates and 70% in giving to Republican contenders. In 2020, the breakdown for Lowe's' PAC's $602,000 was 25% to Democrats and 75% to Republicans. In 2016, the organization gave only 13% of its $448,750 expenditure to Democrats.

https://www.businessinsider.com/home-depot-lowes-politics-conservative-republican-democrat-liberal-2020-6

kimbutgar

(21,127 posts)
8. I've been boycotting Home Depot for years because of Marcus.
Sun Nov 1, 2020, 03:33 PM
Nov 2020

Only as a last resort will I go in there. I needed a new thermostat and didn’t find one that I liked at Lowe’s . Hubby ended up buying it at Home Depot. It didn’t work so we took it back, went to a locally owned hardware store, was helped by someone and we got the right one. From now on I will go back to that small hardware store rather than give a dime of my money to Home Depot.

42bambi

(1,753 posts)
16. My problem with boycotting Home Depot is that it affects many employees; here in
Sun Nov 1, 2020, 03:45 PM
Nov 2020

San Antonio there are many Hispanic workers and I just don't want them to lose their jobs. That hurts my heart to think that a boycott against Marcus, albeit a Trump supporter whom I too detest, may cause some people to lose their jobs.

PoindexterOglethorpe

(25,841 posts)
17. This has been posted and essentially debunked
Sun Nov 1, 2020, 03:47 PM
Nov 2020

many times here.

Marcus simply isn't involved in the company any longer.

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