The Securities and Exchange Commission (SEC) has denied a request by Ford Motor Company to keep a shareholder resolution forbidding Ford to promote homosexual marriage off the agenda at their upcoming shareholders meeting.Ford rightly fears a boycott from angry people with significant purchase power and, like any business looking at their bottom line, will capitulate to those who can do the most damage to that bottom line. Who do you think buys more new vehicles over a lifetime?
One of the reasons cited by Ford in their request to omit the resolution was that they feared they would be boycotted by the homosexuals. Over 20 pro-family groups have called for a boycott of Ford because of Ford's support for homosexual marriage.
Ford reported that during the month of March their sales dropped 5% when compared to the same period last year. Ford did not mention the boycott when announcing the sales drop.
The resolution requests "that Ford Motor Company amend its written equal employment opportunity policy to exclude any reference to privacy issues related to sexual interests, activities or orientation." The resolution, which Ford strongly opposes, would force Ford to stop promotion of homosexual marriage and other homosexual activities. American Family Association asked Ford in January to remain neutral in the cultural battle involving homosexual marriage. Ford refused and sided with groups promoting homosexual marriage.
Ford told the SEC that removing its pro-homosexual policy would hurt recruitment efforts to hire more homosexuals. It was homosexual activists in high positions who forced Ford to renege on an agreement with AFA to stop promoting the homosexual lifestyle. Ford said that failing to specifically seek out more homosexuals would "have a material adverse impact on the marketing and sale of company products." (In other words, Ford fears a boycott by homosexuals.)
Ford's logic in asking the SEC to omit the resolution is interesting. Ford fears a boycott by angry homosexuals more than they fear a boycott by pro-family groups. Even though Ford fears the homosexual groups, they want to continue to support them.
I have to say I'm dismayed that the SEC would support the requirement that a company be forced to have a shareholder vote on a resolution that could potentially require a company to violate the privacy and allow individuals to take punitive action against only a certain group of employees based on information unrelated to their jobs/job performance. I highly doubt the SEC would force any public company to have a vote on a resolution that would require excluding any reference to privacy issues related to voting records, religion, etc.
Write to the SEC:
Christopher Cox, Chairman
Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549-021
Primary Phone: 202-551-3830
E-Mail: Christopher Cox, Securities and Exchange Commission
Tags: AFA - the new breed of Christian hypocrites; Ford; gay; ChristianSphere: Related Content