Dividends and Minnesota’s biggest companies call for de-escalation of tensions

The President states his policies and the departments try to fulfill his policy wishes, for some policies you will like, some you will not and some will go overboard. The President wanted to stop immigration and has done that on the southern border, then turned to everyone who is not a citizen. Typically for everyone who is not a citizen, there are policies to try have hearings and present evidence why the person should be allowed to stay. The President increased the enforcement process, but not necessarily increasing the number of judges who can hear cases. It was not surprising that departments went overboard.

In an article from the New York Times News Service, the President decided to send extra people to Minnesota. Tensions escalated amid the aggressive crackdown by federal immigration agents. (why border patrol has not escalated in Florida and Texas where there are more immigrates is a different issue). In late January a second person was killed.

The response of the business community including some of the biggest companies in the US and headquarter in Minnesota was to issue a public letter to ask for de-escalation of tensions. The CEOs of Target, Best Buy, General Mills, Cargill, Land O’ Lakes, Hormel, US Bancorp, Mayo Clinic, 3M and the professional sports teams of Minnesota Vikings, Minnesota Timberwolves and Minnesota Wild.

The letter is notable because many CEOs have sought to avoid weighing on any politically charged issues during the second Trump administration.

In addition, hundreds of smaller businesses in the Minneapolis area shut their doors to back protests. Then came a snow storm which shut every down.

Linking to dividend paying stocks, many large companies donate money for large community concerns including the United Way and other charitable organizations in their area. They have an obligation and duty to the hometowns, which helps them be good citizens. The letter is a continuation of that public obligation.

There are more questions than answers, till the next time – to raising questions.

Leave a comment