Nuns again ask Smith & Wesson, shareholders to consider impact of gun violence

Nuns again ask Smith & Wesson, shareholders to consider impact of gun violence

5/6/2019 -Springfield- Smith & Wesson headquarters on Roosevelt Avenue in Springfield. (Don Treeger / The Republican) SPRINGFIELD — With $2,000 worth of stock, a network of nuns and a Catholic health care organizations are once again asking gunmaker Smith & Wesson to adopt a statement on human rights and to make a public accounting of the cost of gun violence. Company management — remembering the strong backlash to Smith & Wesson’s Clinton-era overtures to gun safety advocates — said adopting the sort of human rights policy the nuns are looking for would alienate supporters in the “firearms enthusiast community,” according to Smith & Wesson documents filed in the run-up to the vote. The request for a human rights policy modeled on the United Nations Guiding Principles on Business and Human Rights goes before stockholders Tuesday, Oct. 13, at Smith & Wesson’s annual shareholders meeting. The initiative is backed by the Interfaith Center on Corporate Responsibility which includes the Northwest Coalition for Responsible Investments the Sisters of the Holy Names of Jesus and Mary U.S.-Ontario and the Adrian Dominican Sisters and others. At the same meeting, Smith & Wesson shareholders will be asked to approve a list of executive pay packages. In 2020 Mark Smith, co-president and co-EO total compensation $1.43 million. Brian P. Murphy co president and CEO had a total compensation of $1.362 million. Murphy saw an 8% raise in his base salary in fiscal 2020, according to the company. Smith saw a 3% raise in base salary. […]

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.