linksep wrote:jshuberg wrote:Boycott Target
Hmm Target is the offspring of some other store... what was that again? Boy, I think it was Dayton's, the upscale clothing store. Dayton... Why does that name sound familiar? Hmmm...... Mark Dayton, governor of Minnesota comes to mind... Dayton is a really popular name in MN though, he couldn't be related could he? Well Mark Dayton is a multi-multi-multi-millionaire trust fund baby... About 5 seconds of Google-fu turns up:Gov. Mark Dayton made $671,724 last year...The department store heir's largest source of revenue came from the sale of 8,431 shares of Target Corp. stock, worth $407,665.
Well according to this strib article from 4 years ago:Dayton: "...I am very proud of what my father and his brothers, who are my uncles, and thousands of Minnesotans built as the Dayton-Hudson Corporation and Target is one of those subsidiaries. You know, my family's been out of the operating side of the business for about the last, almost the last 30 years. I don't hold any stock directly in Target in my own holdings. I don't know the percent of my family's holding in Target but I would estimate it is less than one percent of the actively traded shares in the company and certainly my family has no voice in the actions of Target corporation."
Well Dayton is a common name and Governor Dayton claimed to own zero stock in Target corporation in 2010... but he made over $400,000 in 2010 from selling Target Corporation stock. Well this is just confusing. I'm guessing there's no connection between the commie Lear-Jet liberal governor and the department store banning guns.
The Dayton family has not held any significant stock in Target Corporation for many many years. They are not even in the Top 50 individual shareholders - let alone the top 400-500 shareholders overall when institutions are factored in. They have absolutely ZERO influence on management beyond the heritage of the founders & the family that has been involved in years now long past.
Mark Dayton was never involved in Target's management or board.
B