May 24, 2010
AT THE END OF HISTORY...:
PETA buys stock to gain influence in boardrooms (MICHAEL J. CRUMB, 05/24/10, AP)
An animal-rights group known for sending out scantily clad demonstrators to protest fur and other provocative stunts has gained influence in boardrooms with a more traditional tactic: buying company stock.
People for the Ethical Treatment of Animals has been buying shares for seven years and now owns a piece of at least 80 companies, including McDonald’s and Kraft Foods. It hopes to influence their animal welfare policies on such things as how chickens are slaughtered or buying pork from suppliers that keep pregnant sows in small crates. By buying stock, PETA is guaranteed the right to present its ideas directly to officials and other shareholders, many of whom would otherwise would likely pay little attention to the group.
“It gives us a new forum in which to present the research we’ve done to company executives, their shareholders and the public,” said Ashley Byrne, a senior campaigner for PETA.
...even our radicals are democratic capitalists. Posted by Orrin Judd at May 24, 2010 6:06 AM