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Ms. Toad

(34,027 posts)
23. His current relationship is as a stockholder.
Mon Dec 4, 2023, 06:15 PM
Dec 2023

Regardless of what a monster he is, home Depot is now a publicly traded company, and Marcus's sole say more is as a minority stockholder.

71% of the shares of home Depot stock are held by institutional investors (e.g.mutual fund managers) such as Vanguard Group Inc, BlackRock Inc., State Street Corp, Capital World Investors, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, Morgan Stanley, Bank Of America Corp /de/, and Capital Research Global Investors . Employees own about 1%. I haven't been able to find the percent owned by Marcus, but even if he held 100% of the privately owned shares, the maximum he could own would be 28%. Not enough to control any shareholder decision.

I know it's fun to hate on someone who deserves it. But boycotting Home Depot hurts employee stockholders, mutual fund investors, and retirees whose retirement plans include home Depot
Stock a lot more than it hurts Marcus.

For a rich guy, Arthur Blank -- Marcus' partner in Home Depot -- seems a decent man, unlike Marcus. Silent Type Nov 2023 #1
How so? 2naSalit Nov 2023 #5
Other than owning Falcons, he's done a lot for community. You should look him up. Silent Type Nov 2023 #11
He has a good PR outfit. 2naSalit Nov 2023 #12
You obviously ain't payin attention. He's a Democrat, unlike Marcus. Blank contributed $300 K to Biden in 2020. Silent Type Nov 2023 #18
Between Home Depot and Lowes... calguy Nov 2023 #2
We have Menard's in the Chicago area, too. LuvLoogie Nov 2023 #4
We have a local owned Traildogbob Nov 2023 #8
I avoid Home Depot like it's a plague kimbutgar Nov 2023 #3
+1 peppertree Nov 2023 #9
Ha ha good one ! kimbutgar Nov 2023 #20
Why, thank you. peppertree Nov 2023 #21
Lizzid People! peppertree Nov 2023 #6
I have been boycotting Home Depot for several years LetMyPeopleVote Nov 2023 #7
I go to my locally owned HW store first RainCaster Nov 2023 #10
Those are mostly Republican anti-competitive outfits here durablend Nov 2023 #13
Gave up after less than a minute of "gubmint is the enemy." Merlot Nov 2023 #14
Me too. He ain't exactly a "small guy" anymore but he Liberal In Texas Nov 2023 #22
He really wants that internment camp contract lame54 Nov 2023 #15
This jerk tiredtoo Nov 2023 #16
Yes! not fooled Nov 2023 #17
This is why I've never bought a thing from Home Depot. Hermit-The-Prog Nov 2023 #19
His current relationship is as a stockholder. Ms. Toad Dec 2023 #23
Latest Discussions»General Discussion»Meet the hate-filled anti...»Reply #23