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Source: Mail Online
EXCLUSIVE: Multimillion dollar fund manager ditches Tyson Foods, saying meat giant sacking US workers to hire 42,000 asylum seekers is the 'woke liberal takeover of America'
• Bill Flaig's $79 million conservative ETF has divested from Tyson Foods
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Source: Mail Online
EXCLUSIVE: Multimillion dollar fund manager ditches Tyson Foods, saying meat giant sacking US workers to hire 42,000 asylum seekers is the 'woke liberal takeover of America'
• Bill Flaig's $79 million conservative ETF has divested from Tyson Foods
• The meat giant says it wants to double its immigrant hires to 84,000 this year
• READ MORE: 1.2 million US-born workers lose jobs to foreign-born staff
By James Reinl | March 19, 2024
A conservative fund manager has pulled investments from Tyson Foods, saying the meat and poultry giant has alienated its consumers by laying off Americans workers and hiring 42,000 asylum seekers.
By James Reinl | March 19, 2024
A conservative fund manager has pulled investments from Tyson Foods, saying the meat and poultry giant has alienated its consumers by laying off Americans workers and hiring 42,000 asylum seekers.
Bill Flaig, CEO and co-founder of the $79 million American Conservative Values Fund (ACVF), told DailyMail.com that he has divested from Tyson and won't buy any more stock in the company.
Angry consumers are boycotting Tyson over revelations that the company is shuttering plants and laying off workers while hiring tens of thousands of asylum seekers — and even hiring lawyers for its new recruits.
This decision 'exposes their shareholders to backlash from one of the most contentious political issues of the day,' said Flaig.
'I'm not sure other institutional managers will follow boycotting Tyson, but politically conservative investors are becoming aware that they can fight the woke liberal takeover of America with their investments,' he told DailyMail.com.
Tyson, which is based in Springdale, Arkansas, says it's not cutting American jobs to hire migrants, and that it only recruits newcomers with valid work permits.
'Any insinuation that we would cut American jobs to hire immigrant workers is completely false,' Tyson said in a statement.
The $54 billion company did not answer DailyMail.com's requests for more details about its recent hiring and firing moves.
Please go to Mail Online to continue reading.
Angry consumers are boycotting Tyson over revelations that the company is shuttering plants and laying off workers while hiring tens of thousands of asylum seekers — and even hiring lawyers for its new recruits.
This decision 'exposes their shareholders to backlash from one of the most contentious political issues of the day,' said Flaig.
'I'm not sure other institutional managers will follow boycotting Tyson, but politically conservative investors are becoming aware that they can fight the woke liberal takeover of America with their investments,' he told DailyMail.com.
Tyson, which is based in Springdale, Arkansas, says it's not cutting American jobs to hire migrants, and that it only recruits newcomers with valid work permits.
'Any insinuation that we would cut American jobs to hire immigrant workers is completely false,' Tyson said in a statement.
The $54 billion company did not answer DailyMail.com's requests for more details about its recent hiring and firing moves.
Please go to Mail Online to continue reading.
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