A reader recently asked us here at BloggingStocks.com to check out whether it was true that Sears Holdings Corp. (NASDAQ: SHLD) was a stockholder in Consumer Reports. The answer is no. There are no stock holders. The following information and more is available at ConsumerReports.org
- Consumer Reports® and ConsumerReports.org® are published by Consumers Union, an expert, independent nonprofit organization whose mission is to work for a fair, just, and safe marketplace for all consumers and to empower consumers to protect themselves. To achieve this mission, we test, inform, and protect. To maintain our independence and impartiality, CU accepts no outside advertising, no free test samples, and has no agenda other than the interests of consumers. CU supports itself through the sale of our information products and services, individual contributions, and a few noncommercial grants. Consumers Union is governed by a board of 18 directors, who are elected by CU members and meet three times a year. CU's President, James Guest, oversees a staff of more than 450.
Apparently some appliance salespeople were saying SHLD had a stake in Consumer Reports, which rates Sears' brand Kenmore consistently among the highest. I do not know how these silly rumors get started or why our inquirer could not have easily researched this on their own. But the internet works both ways; rumors and hoaxes get out of hand much too fast these days.
I hope we at Bloggingstocks.com have helped put an end to this one.
To find potential opportunities and verify my track record read Chasing Value or Serious Money.
Sheldon Liber is the CEO of a small private investment company and the principal for design and research at an architecture & planning firm. He is on the advisory board of Internet start-up CircleBuilder.com.



