Monday, 8 December 2008

PETA takes advantage of Lower Share Prices to Increase Stakes in Meaty Restaurant Chains

Taking advantage of the shriveling stock market, PETA has been purchasing more and more shares in meaty companies, including popular chain establishments like Domino’s Pizza, California Pizza Kitchen, and Sonics. The surge in stock purchases comes shortly after PETA’s call for donations not only to them, but to other animal rights organizations also hurting in the economy.

PETA has bought stock in meat companies for years. They already had a large holding in Tyson Foods, one of the most notorious animal abusers in the meat industry, and recently purchased even more. But what will PETA do once they own enough shares in these companies to be a deciding voice?

Would we find vegan cheese options at Domino’s? Would they eliminate meat all together from the menus and perhaps risk running the chains out of business? Or perhaps they’d make the age-old rumors come true by changing pepperoni and sausage to mostly soy or wheat protein?

PETA first began engaging in shareholder activism in 2003 when they purchased 240 shares in Tyson Foods, enough to allow the organization to speak at shareholder meetings. The meat industry has watched with a cautious eye ever since.

Factory farming is among the most environmentally disastrous industries, topping even the transportation industry in its impact on global warming. While PETA pushes for animal rights, their actions also promote a healthier environment.

“Our campaign has already paid dividends for animals, so we’re forging ahead with it at any ‘price,’” said PETA Vice President Bruce Friedrich. “During hard economic times, the most vulnerable members of society—including animals—still need protection from exploitation and abuse.”

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