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Smith & Wesson Spurns Smart Guns Despite Pressure from Investors

6 Responses to “Good”

  1. pkoning Says:

    “Investors” my foot. People pushing for that are clearly one-share leftist activists, not real shareholders. Otherwise they wouldn’t be advocating for the destruction of their company.

  2. Lyle Says:

    When all politicians agree to ride only in “smart” automobiles dsigned exclusively by those who hate them the most, then, maybe (or maybe not), we can talk about “smart” guns.

  3. rickn8or Says:

    S&W is still suffering PTSD from the last time they kowtowed to political correctness.

  4. Jay Eimer Says:

    I’m all for it – cops first, starting with the USSS. If it’s good enough for the protective detail for the President, it’s good enough for me.

    Until then, though…..

  5. rickn8or Says:

    Jay Elmer, yeah; let them beta test it for a change.

  6. HSR47 Says:

    This is one where the board knows that they can’t listen to the shareholders: They have a fiduciary duty to avoid doing things that they have reason to believe would be harmful to the company.

    Anyone who has any knowledge of history knows that smartguns are incredibly toxic to sales. They’re so toxic that they stopped Colt from selling Colt-branded CZ 75 pistols (actual CZ-made pistols): The market didn’t want to touch them with a 10′ pole simply because the public saw that Colt was playing with them as the potential basis for a smartgun.

    Similarly, the current S&W executives know that the company’s prior attempts to play that game lead to a massive boycott that nearly bankrupt the company.

    TLDR: It’s clear that these shareholders are acting in bad faith, and that the board is 100% correct to ignore them.