Article: Woolworths boycott backed by shareholders

Interesting. So what do the pro Israeli folks say?

I don't support either side, just asking.
 
"The boycott against Woolworths and the boycott against Israel is not a malicious boycott and it's not to punish either Woolworths or Israel."
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Really?
 
marine1 said:
Well then just shows how absolutely retarded they are. Show support for lunatic that hurt your investment. ....great idea.
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I dunno... seems they're thinking past the bottom line:

"We wish you every success with your campaign. Our message to business is that there are more important things to strive for in this world than pushing up share prices."
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Pitbull said:
What vote does these shareholders have? What percentage of shares do they own? If I owned a voting amount of shares I would never support any action against my investment which would affect it negatively. It would directly affect my returns.
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The guys actively participating with BDS song and dance are likely to be very few but the shareholders who are asking "why did you not meet with them" are quite a few more

If I was a Woolworths shareholder though I would be pissed at the manner in which management handled the matter as well - sympathetic and pissed as the two are not mutually exclusive.
 
"group of shareholders" You mean 5 guys with 1 share?

Im a bit more important than a shareholder. Im a consumer. And if woolies gives into these blacmail demands I wont be using them again. They must stand strong, their handling of this issue has been fine.
 
BDS SA's Muhammed Desai said they had bought shares in Woolworths to be able to attend the annual general meeting and raise "ethical issues".
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therein lies the rub

anyone holding shares (even one) in a jse listed company is entitled to attend the agm of the company.
so they are not a group holding large volumes of shares & wielding influence of any sort, they simply bought a share or two - as an entrance ticket to the agm

equally, one can buy a share or two in telkom sa, & thus be entitled to attend the agm and raise concerns
 
No love lost for Woolworths. They treat their customers badly. Stores are poorly stocked.
 
grantza said:
therein lies the rub

anyone holding shares (even one) in a jse listed company is entitled to attend the agm of the company.
so they are not a group holding large volumes of shares & wielding influence of any sort, they simply bought a share or two - as an entrance ticket to the agm

equally, one can buy a share or two in telkom sa, & thus be entitled to attend the agm and raise concerns
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Why is everyone assuming these people own few shares? There are plenty of rich Muslims in SA. There's no need to think these people don't own a substantial number of shares.

I bet grantza would not want people to raise concerns at shareholder meetings, right? Or only about issues you agree with?
 
ghoti said:
"group of shareholders" You mean 5 guys with 1 share?

Im a bit more important than a shareholder. Im a consumer. And if woolies gives into these blacmail demands I wont be using them again. They must stand strong, their handling of this issue has been fine.
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Obviously not thats why the boycott is still carrying on.
 
marine1 said:
BDS fail. Bunch of racists that's all. Would be nice if he got hot by a wollworths truck
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So much anger :p ...almost mistook you for Zwerp :eek:

So why don't some rich pro-Israel folk buy some shares and go counter these concerns raised. Grant makes it sound like a rather simple process.
 
The businessmen owning shares in Woolworths are nonsensical to me. To quote the article:

"The group of businessmen that hold shares in Woolworths have made it clear that they are concerned regarding the increasingly irresponsible manner in which the management of Woolworths is handling the boycott Woolworths campaign," shareholder representative Nadia Hassan told reporters in Johannesburg.

...

Congress of SA Trade Unions spokesman Patrick Craven told the briefing the trade union federation was behind the BDS SA campaign.

...

BDS SA's Muhammed Desai said they had bought shares in Woolworths to be able to attend the annual general meeting and raise "ethical issues".
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Who do these businessmen represent and can we be enlightened on their background?

Muhammed Desai who is coordinating BDS SA, is also:

https://twitter.com/muhammeddesai

Coordinator of @BDSsouthafrica, ANC Youth League Branch Chairperson (Ward 67, Joe Slovo)
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And...

http://jamiat.org.za/blog/woolworths-shareholders-send-warning-over-boycott-campaign/

Marthie Momberg, who is a private Woolworths shareholder, said he was concerned about the company’s direction with the regard to the boycott. “Ethics start where the law starts,” BDS SA quote him on Twitter as saying. “As a shareholder, I expect integrity from Woolworths.”
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When did Marthie became a shareholder? She also previously compared the boycott to SA boycotting the Dalai Lama, ahem, ANC.

According to the above article, even Cosatu members has shares in Woolworths all the sudden. I can only see the AGM being a big protest:

Desai said 50 BDS SA members would attend the Woolworths AGM. “Woolworths must end all relations with Israel,” he said. “BDS SA will create environment to negotiate a just peace.”
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Personally I believe these shareholders are rather new to Woolworths or has other connections to the ANC, Cosatu (and other Unions) and BDS.
 
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