AOL Money & Finance

civil rights posts

Feed

Gay investors support gay-friendly corporations

Conservative social and political groups are vowing to fight the recent California ruling in which a republican-dominated court declared that sexual preference should not bar couples from legal marriage. In an Associated Press article, the court opinion is quoted as stating that "domestic partnerships that provide many of the rights and benefits of matrimony are not enough."

In pursuance of equal footing, gay, lesbian, and bisexual investors have been seeking and "outing" corporations with gay-friendly policies and have been backing those companies in a show of financial clout. An example of the application of this forward social dynamic would be Trillium Asset Management, which has at least once scored a "perfect 10" on the Gay and Lesbian Values Index (glvindex). With an investment focus called Socially Responsible Investing (SRI), this company seeks to provide investment returns in keeping with industry standards, while at the same time maintaining "unique focus on social research and advocacy."

Corporations that have taken careful strides to bring their standards up to date with regard to societal equality appear to be gaining in popularity with gay and gay-friendly investors, as evidenced by their placement on and recognition of the glvindex. SC Johnson acknowledged it's high ranking on the glvindex in a company press release that stated in part: "To us, diversity is about building the best, most talented workforce that mirrors the marketplace, and motivating them with an environment that enables people to be themselves and contribute freely and effectively."

Continue reading Gay investors support gay-friendly corporations

A sad day for race relations in the U.S. (and for Wal-Mart)

It's a sad day for race relations in this country when a prominent Civil rights leader goes over the line from being provocative to downright offensive. Andrew Young, hired by Working Families for Wal-Mart to improve the giant retailers' image, is stepping down from his position after he was quoted in a Los Angeles paper criticizing (to put it mildly), mom-and-pop stores that operate in urban neighborhoods.

For Wal-Mart Stores (NYSE: WMT) this is yet another painful day for its public image. It started the week taking political hits from presidential hopefuls. Now that Young can no longer be the face of the kinder, gentler Wal-Mart, who will the company turn to?

The first part of Young's widely quoted comments aren't so bad. He reportedly accused small urban stores of "overcharging us, selling us stale bread and bad meat and wilted vegetables." That point is well-worn and most city residents will recognize an element of truth to it. There are often small shops in poor neighborhoods that are dirty, expensive and badly run. But we frequent them anyway for convenience since there are few alternatives.

If I had been in the room with Young, I can picture myself waving my hands in his face and saying "stop, stop," after he made that one point. That was provocative enough. But Young went on to vilify ethnic and religious groups that often run small shops in many cities. I won't even begin to take those remarks apart. He is plain wrong on so many levels.

What's sad is that by mixing a half-truth with bigoted remarks, Young has no doubt triggered thousands of painful and damaging debates in homes, offices, stores and bars around the country today. I just read a bunch of the comments on AOL's message boards and already the blame, anger and accusations are flying.

Rather than improving understanding, I fear these debates will create more wounds and resentment between racial and ethnic groups. My only hope is that at least some people talking about this story will use Young's statements as a way to build bridges rather than erect higher walls dividing us all.

Symbol Lookup
IndexesChangePrice
DJIA+44.2910,291.26
NASDAQ+15.822,166.90
S&P 500+5.501,098.51

Last updated: November 11, 2009: 04:14 PM

BloggingStocks Exclusives

Hot Stocks

DailyFinance Headlines

Latest from BloggingBuyouts

WalletPop Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance