Isn't the Dick's Sporting Goods CEO Personally Liable for Lost Gun Sales Profits?
On June 15, 2022, the Free Enterprise Project (FEP) posed the following question to Dick's Sporting Goods CEO Lauren Hobart at the annual meeting of Dick's shareholders:
"You have admitted that your decision not to sell guns has cost shareholders about $200 million. You have therefore admitted that your privileging of your personal policy preferences over your duty to shareholders has damaged them. Under corporations law, you therefore owe the shareholders $200 million out of your own pocket. Do you expect a shareholder-derivative suit to collect that debt? If not, why not? And have you not demonstrated yourself incompetent to serve the owners of Dick's (the shareholders) as the chief manager of their property?"
The attached audio demonstrates how Dick's staff butchered FEP's question and then answered the question they wanted to answer.
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