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Target CEO In Denial As Stocks Tank $10B Over Transgender Bathroom Policy

From The Christian Post:

The Rev. Franklin Graham says Target CEO Brian Cornell is in denial over the reason for the company's plunging stock prices, insisting that the conservative boycott against the retailer's transgender bathroom policies is playing a key role.

"Target stock is tumbling after they announced a pro-transgender restroom policy allowing men to use women's bathrooms and changing rooms. Stock value has fallen 20 percent and shareholder value has lost $10 billion since they began promoting this dangerous policy," Graham wrote in a Facebook post on Monday.

He then referred to a media statement made by Cornell, where he denied suggestions that the conservative boycott is to blame for Target's financial setbacks.

"To date we have not seen a material or measurable impact on our business. Just a handful of stores across the country have seen some activity and have been impacted," Cornell told Forbes last week.

Graham responded: "Really? He must be in denial. Wake up corporate America and stockholders — American families clearly do not want this. Over 1.2 million people have signed the online petition to boycott Target stores. This is sending a strong message, and I hope that millions more will sign it."



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