iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,909 Blog Posts

The CEO of $LWAY, Julie Smolyansky, Told Trump Supporters to Sell Their Stock; Wall Street Obliged

I’ve never seen people so unhinged. I did expect the heroin addicts in Portland to go crazy, but I never thought I’d read about a CEO telling shareholders to sell their stock, if they supported a Presidential candidate that didn’t mesh with her version of the world.

Ever since Election Day, shares of LWAY have been spiraling lower. On the 11th, CEO Julie Smolyansky, tweeted this nonsense.

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It’s like this person who walks the earth gets all of her information from fake news outlets, like CNN, MSNBC or Huffington Post. Not only did she call Trump a rapist and a sexist, and of course a racist, she also called you an apologist for voting for him. Seriously, there is a mental illness sweeping the world. But the good news is, saner people, a stronger brand of DNA, have woken up and will not permit the lunacy to continue any longer.

Shareholders heard Julie’s request and punished her with a sharp sell off in the stock — off more than 12% on Friday.

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Now the CEO is blocking people on Twitter and deleting Tweets. She also made her account private. Hello, she’s the face and spokesperson for a PUBLICLY traded company. By definition, it is her job to enhance shareholder. Is she doing that now?

No.

As an aside, Julie’s Dad was the founder of the company, up until 2002 when he passed away. Since then, Julie has been running the company, along with her brother Edward. Meanwhile, Mom has been divesting and selling the stock, regularly. In short, she’s a spoiled brat playing with Daddy’s company and feels entitled to say whatever the hell she wants, because her family runs the business like a monarchy.

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She should be ousted.

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17 comments

  1. cancel19

    Her and the Grub Hub idiot prove that Emo CEOs have no place in business, especially publicly traded ones. Business is too Darwinian for such not so fit individuals.

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  2. stockslueth

    Another rich princess that enjoys the status quo while half the country is literally poor or low income. Many people elected Trump out of desperation. A populist candidate that promised better circumstances and for those who lost hope with the Democrats and Republicans in Washington. Perhaps the ruling elite thought by putting themselves first that the rest of America would indirectly benefit. That apparently hasn’t been the case otherwise, why would the electorate vote for someone like Trump warts and all? He told people what they wanted to hear and the other side muttered the same old lines (lies).

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  3. oldmantrader

    You are going to need a special wing on the Asshat hall of fame. Hopefully this is not indicative of a new breed of CEO.

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  4. roundwego

    Some can not cope with reality.

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  5. UncleBuccs

    I read this morning they’re calling it TARD: Trump Acceptance Resistance Disorder

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  6. juice

    Schmoelyanksy really is too stupid for words

    In other news – that Trump guy really is a racist!

    http://www.moonofalabama.org/images5/trumpwh.jpg

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  7. soupbone

    There’s so much anger. I can’t mention Trump without my wife growing fangs, scales and starts breathing fire. And we don’t even live in the USA. I feel you made the right decision but I have to keep it under my hat even in Cape Breton. Why?

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  8. t.c.

    The heroine addicts in Portland are only mad because heroine is going to become very expensive once the border gets secured.

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  9. gappingandyapping

    This is surreal. These CEOs are purposely going against their fiduciary duty to enhance shareholder value. Where are the BODs on these companies. Why is Indra Nooyi out there spouting this bullshit, Pepsi is not some fly by night small capped tech company that takes food orders and has nothing proprietary. This is a company who should get rid of the cancer immediately. You have these fucking major cities like Cook County (Chicago) and San Francisco applying a penny per fucking ounce taxes to their product yet they are voting with them……………….. Woah I just woke up, I had the wildest dream…

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  10. fryguy15

    I met Ed Smol a few years back. Nice guy. Julie, on the other hand, is a mess and a drunk. Also a huge gambler, probably at rivers casino now.

    Non the less, I always believed this company would be taken out by a large food co. Probably a good buy here

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  11. wolfdaddy

    Along with gun hub, I am done buying their sugared up shit drink for my kids. Never again

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