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January 24, 2006

Pastor Urges Microsoft Stock Buy-And-Dump

Posted by David Hunter at 9:45 PM ET.

Rachel LaCorte at the AP has the story:

A pastor who threatened a national boycott against Microsoft and other major corporations for supporting a gay rights bill urged people Tuesday to buy up the companies’ stock and dump it to drive prices down.

Rev. Ken Hutcherson, pastor of Antioch Bible Church in the Seattle suburb of Redmond, said the stock-dumping plan had been his strategy all along.

He wants supporters to buy one or two shares over the next few months, then sell them May 1.

Experts said the pastor’s plan has no chance of hurting the stock price of a company such as Microsoft.

Previous boycott story here.

Filed under General Business, Governmental Relations, Public Relations

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