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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPeople are calling to boycott Home Depot after its co-founder said he was voting for Trump
and encouraged others to do the sameAngry 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.
Link to tweet
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Link to tweet
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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
soothsayer
(38,601 posts)Kaleva
(36,294 posts)Native
(5,939 posts)Ms. Toad
(34,060 posts)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)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)
JonLP24 This message was self-deleted by its author.
Kaleva
(36,294 posts)and it'd probably have more of an impact on the workers there (layoffs) then him.
DBoon
(22,354 posts)Best info I can find has the usual financial institutions as major shareholders.
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.
even though I prefer to shop elsewhere
SheltieLover
(57,073 posts)Now I can see why their policies suck.
Top down bs!
I shop at Lowes. Have for years!
Blue_true
(31,261 posts)zackymilly
(2,375 posts)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)Only as a last resort will I go in there. I needed a new thermostat and didnt find one that I liked at Lowes . Hubby ended up buying it at Home Depot. It didnt 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.
In_The_Wind
(72,300 posts)beachbumbob
(9,263 posts)BSdetect
(8,998 posts)42bambi
(1,753 posts)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)many times here.
Marcus simply isn't involved in the company any longer.
sarisataka
(18,589 posts)Maybe the third time will be the charm; or is this the fourth?
LiberalFighter
(50,868 posts)greenjar_01
(6,477 posts)Do we really need a post for every one?