An email exchange shows right-wing shareholders pressured Best Buy to halt donations to LGBTQ organizations.
Electronics retail giant Best Buy offered to screen donations from its employee resource groups going to LGBTQ organizations or causes after being pressured by a conservative think tank that holds shares in the company.
According to a Securities and Exchange Commission filing recently made public, Best Buy engaged in a months-long email exchange with the National Center for Public Policy Research, a self-described “nonpartisan, free-market conservative think tank.”
In those emails, which began on December 11, 2023, NCPPR sent the company a shareholder proposal asking the retailer to produce — and distribute at its annual shareholder meeting in June — a report analyzing how its partnerships with LGBTQ organizations benefit the company’s business, according to NBC News. […]
Click here to read to the full piece. This story was originally published by Metro Weekly on April 2, 2024.
