About a month ago, Target Corporation, in an attempt to take advantage of a recent U.S. Supreme Court ruling that threw out much of a law prohibiting campaign donations from company funds made a $150,000 political contribution to MN Forward, a political group which, among other activities, supports the candidacy of Representative Tom Emmer, for Minnesota governor, and currently the Republican frontrunner. Emmer is known as a “fiery conservative,” and is perceived as being anti-gay because of his position on marriage. According to The Huffington Post blog, “Emmer says marriage ‘is the union between one man and one woman’ and he supports the constitutional marriage amendment defining marriage as such.“
There is much irony here, as Target has long been known (and lauded) for its progressive policies benefiting its gay employees.
According to the Minneapolis Star Tribune, the LGBT community-led attacks have now involved three institutional Target shareholders with a combined total of $57 million in Target stock. Says the Star Tribune,
Three management firms that collectively hold $57.5 million of Target stock — Walden Asset Management, Calvert Asset Management and Trillium Asset Management — filed a proposal asking Target’s independent board members to undertake a “comprehensive review of Target’s political contributions and spending processes including the criteria used for such contributions,” according to a statement released Thursday night.
Target is vigorously defending its position, citing its past record of liberal policies for its LGBT employees. In an AP article, company CEO Gregg Steinhafel is quoted as saying, in a memo to employees, that “the company doesn’t have a social agenda or necessarily agree with all the positions of candidates it supports. ‘Let me be very clear,” he said, “Target’s support of the GLBT community is unwavering, and inclusiveness remains a core value of our company.’”
It is indeed a shame that overreaction by a leftist segment of the population is damaging the reputation of a corporation which is actually progressive in its policies and a substantial contributor to the communities in which it has a presence. Once again, the left shoots itself in its collective foot.
There, I said it!Powered by Sidelines