Update
Only logged in members can reply and interact with the post.
Join SimilarWorlds for FREE »

CEO Steps In It

Andrew Dudum, the CEO of the popular telehealth company Hims & Hers, recently sparked backlash after he encouraged anti-Israel protestors to apply to his company on a social media post. Following Dudum’s message, Hims & Hers stock tanked, losing over $200 million in market capitalization.

The CEO initially took to X, expressing his opinion that “moral courage” is more valuable than a “college degree.” Dudum suggested there is a pool of “eager” CEOs, including himself, seeking to hire pro-Palestinian activists.

“Moral courage > College degree If you’re currently protesting against the genocide of the Palestinian people & for your university’s divestment from Israel, keep going. It’s working. There are plenty of companies & CEOs eager to hire you, regardless of university discipline,” Dudum wrote on X.

Evidently, the post did not sit well with investors as reports indicate Hims & Hers shares dropped roughly 8% on May 3, lowering the company’s market value from $2.62 billion to $2.41 billion.
graphite · 61-69, M
Why doesn't this CEO book himself a one-year stay in the Gaza Strip? I'm sure Hamas will find a nice tent for him to live in right next to their rocket launchers.
Thinkerbell · 41-45, F
@graphite

He wouldn't book himself a one-hour stay in Gaza, let alone a year.
Heartlander · 80-89, M
I grew up in the grocery business where my dad had a small town corner grocery store. He dug in deep with his refusal to endorse or in any way show a political preference for politicians or political causes. Even with "or else!" threats he refused with comments about "We are here to serve all the people in town, not just D or R, also we serve people who may be just passing through."

For businesses that mix politics and business it can be business suicide. For stockholder owned corporations it could be a cause for a stockholder rebellion or for banks to reevaluate the added risk for monies loaned to the business.
Thinkerbell · 41-45, F
Another Bud Light lesson. 🤭

Is this one Dud Light...? 🤔
This message was deleted by the author of the main post.
PatKirby · M
@Thinkerbell

Dudley Do Wrong.
The fact he is a CEO does not guarantee he will make prudent decisions.
FreestyleArt · 31-35, M
While Obama trying to cash in for a division to kill each-other and Soros's assets are funding it.
Musicman · 61-69, M
Excellent! Now let's see if he gets fired. I hope he does.
Yes... it's almost like the zionist movement is funded by billionaires or something...
This comment is hidden. Show Comment

 
Post Comment