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Home Depot CEO's Trump Donations Sparks Customer Boycott, Outrage from the President

Say Contributor

Home Depot has long been known as the place to go if you need to fix something around the house. Now it has its own problem to fix. The company’s co-founder Bernie Marcus recently said in an interview that after donating $7 million to help elect Donald Trump in 2016, he plans to donate again to his 2020 re-election campaign. Social media (or at least a chunk of it) was not thrilled, and thus #BoycottHomeDepot started trending on Twitter, with plenty of former customers pledging to stop shopping there. Home Alone Home Depot pointed out that Marcus retired from the company in 2002, and made the donation as a private citizen, not as a representative of the company, which does not endorse political candidates. As you can expect, Trump weighed in on this, calling the customer boycott “vicious and totally crazed.” The Bern Marcus also made it clear he is no fan of a higher profile Bernie. In response to this and several other criticisms Senator Sanders has received of late, the Presidential candidate just unleashed his list of anti-endorsements, a collection of CEOs that have spoken out against him, saying “In the words of President Franklin Delano Roosevelt: 'They are unanimous in their hate for me–and I welcome their hatred.'" Having A Say While Marcus didn’t make the donation as a current CEO, that is a distinction that the general public might not make, or even care about. It also overlaps with a sustained interest shareholders have in knowing what the companies they invest in are spending their money on, or who they might be donating to. If you don't like who they are donating to, remember you have a say. -Michael Tedder Photo: Mario Anzuoni / REUTERS