American Outdoor Investors Reject "Human Rights" Call and CEO Pay Hike
American Outdoor Brands (NASDAQ: AOBC) shareholders rejected a proposal from activist investors to require the gunmaker to take on the "human rights impacts" of its business while also rejecting an increase to CEO James Debney's pay.
It seems shareholders want the company focusing on what it does best: making firearms that are popular with gun owners and enthusiasts. But with the gunmaker stuck in a steep, multi-year decline, investors aren't willing to pay execs more until those leaders prove they can get the job done.
Image source: Getty Images.
Source Fool.com
