Tuesday, November 15, 2016
Corporate hate speech backfires
Grubhub is a food delivery company that won't be delivering much food to Trump voters from now on
Grubhub CEO Matt Maloney is dumb, dumb and dumber. After the election he sent a condescending, baseless, whacko email that gives the impression to his employees that if you voted for Trump or believe in Trump's campaign message that you should send in your resignation. He even says that if Trumped worked there, many of his comments would have resulted in his immediate termination.
Would Maloney also want anyone who agrees with Trump to immediately stop buying their service?
On November 8, Grubhub was trading at $37.83 and now it's at $35.25. That is nearly a 7% drop while the rest of the market hit historic highs. His dumb political statements have so far cost Grubhub shareholders $200 million. What an idiot. The Grubhub board should hold an emergency session and fire him in order to reassure their shareholders that their company is in good hands and to send a message to customers that political intolerance is unacceptable.
Maloney has since produced a press release saying he is misunderstood. Baloney. He meant every word of what he said because he bought in like a child the nonsense narrative that Trump is a racist, homophobe, intolerant Nazi like figure.
Meanwhile, Trump supporters on Twitter are appropriately bashing Maloney relentlessly, but in a much smarter way than Maloney slammed them