Stock divestment campaigns could not be effective and boost the profitability of "sin" stocks
By Hicbd
Thu Jul 16 2020 1:15 pm
"Some hold that divestment campaigns are based on a fundamental misunderstanding of how stock markets work. John Silber, former president of Boston University, observed that while boycotting a company's products would actually affect their business, 'once a stock issue has been made, the corporation doesn't care whether you sell it, burn it, or anything else, because they've already got all the money they're ever going to get from that stock. So they don't care.'"
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