‘One of many Causes I Drive Proper Previous Residence Depot and Straight to Lowe’s …’

Declare

“One of many causes I drive proper previous Residence Depot and straight to Lowe’s is as a result of whereas the co-founder of Residence Depot funnels thousands and thousands into Trump, Lowe’s is over right here run by a black man who funnels thousands and thousands into the neighborhood and minority-owned companies! Marvin Ellison shouldn’t be solely the President and CEO of Lowe’s, however he has additionally been recognized to strap on a purple vest and be a part of the troops on the shop ground serving prospects. That’s management!”

Reporting

CommercialsIn January 2022, a June 2020 Fb put up purportedly evaluating Lowe’s and Residence Depot’s chief government officers continued spreading:

One of many causes I drive proper previous Residence Depot and straight to Lowe’s is as a result of whereas the co-founder of Residence Depot funnels thousands and thousands into Trump, Lowe’s is over right here run by a black man who funnels thousands and thousands into the neighborhood and minority-owned companies! Marvin Ellison shouldn’t be solely the President and CEO of Lowe’s, however he has additionally been recognized to strap on a purple vest and be a part of the troops on the shop ground serving prospects. That’s management!

A truncated model was shared to Twitter in September 2021:

One of many causes I drive proper previous Residence Depot and straight to Lowe’s is as a result of whereas the co-founder of Residence Depot funnels thousands and thousands into Trump, Lowe’s is over right here run by a black man who funnels thousands and thousands into the neighborhood and minority-owned companies! Marvin Ellison https://t.co/Uv4fbXTr3w

In a nutshell, the put up contained a mix of opinion (the consumer’s selection, “that’s management”) and verifiable information. The person opinions can’t be validated, however lots of the particulars remained checkable.

‘The Co-Founding father of Residence Depot Funnels Hundreds of thousands into Trump …’

Former United States President Donald Trump left workplace in January 2021, however the put up was initially revealed in June 2020.

In line with HomeDepot.com, the CEO and Chairman of Residence Depot is Craig Menear. A web page underneath “Residence Depot Management” reads:

Craig Menear is chairman and CEO of The Residence Depot, the world’s largest house enchancment retailer with greater than 2,200 shops and 400,000 associates. Below his management, the corporate continues to give attention to offering a seamless, interconnected purchasing expertise that blends the bodily and digital worlds – leveraging the comfort of its shops, digital experiences, progressive product choices and dependable supply choices for Professional and DIY prospects.

Craig was named CEO and president in November 2014 and chairman in February 2015. In his greater than 20 years with the corporate, he has held roles spanning merchandising, provide chain, retailer operations, sourcing, advertising and marketing and on-line. Previous to becoming a member of The Residence Depot, he labored in a wide range of roles in mass, house heart and specialty retailing.

In July 2019, NPR’s “Residence Depot Responds To Calls For Boycott Over Co-Founder’s Assist For Trump” reported that Residence Depot responded to social media claims that cash spent there supported Trump’s bid for re-election:

Going through a backlash, Residence Depot sought to distance itself from billionaire co-founder Bernie Marcus after he pledged to again President Trump’s bid for re-election in 2020.

Calls to boycott the retailer took off this week on social media as information unfold that Marcus informed The Atlanta Journal-Structure late [in June 2019] that he plans to help Trump’s bid for one more time period.

“Should you plan on shopping for a hammer, wooden, or ANY house enchancment objects from Residence Depot, you could as nicely ship donations DIRECTLY to trump’s 2020 marketing campaign,” learn one tweet underneath the hashtag #BoycottHomeDepot.

Residence Depot spokeswoman Margaret Smith stated in a press release to NPR that Marcus retired greater than a decade in the past and isn’t talking on behalf of the corporate. “In truth, as an ordinary apply, the corporate doesn’t endorse Presidential candidates,” she stated.

Smith’s assertion matched public details about Residence Depot’s management — Menear turned Residence Depot’s chief government in 2014. Co-founder Bernie Marcus was not answerable for Residence Depot on the time Trump first ran for workplace, and had certainly been lengthy retired by the point his statements about Trump’s 2020 re-election marketing campaign drew viral consideration in 2019.

NPR cited a June 2019 Atlanta Journal Structure profile of Marcus, “Atlanta billionaire plans to present virtually all of it away”:

[Bernie Marcus] additionally has been a serious political donor. In line with OpenSecrets.org, he was a high contributor to Donald Trump throughout his presidential run. And Marcus informed the AJC that he plans to help the president’s re-election bid. Whereas Trump “sucks” at communication, Marcus stated, the president deserves reward for enhancing U.S. jobs, confronting China on commerce and taking motion towards Iranian and North Korean aggression.

Marcus stated his political giving stays far smaller than what he offers to philanthropic causes and what he plans to present sooner or later.

After he dies, 80 to 90 p.c of no matter is left of his wealth will go to his basis, which in flip will give to philanthropic causes, he stated.

Following the January 6 2021 Capitol rebellion, one other Residence Depot co-founder denounced the assault:

Residence Depot Cofounder Ken Langone Says He Feels ‘Betrayed’ By Trump Following The Capitol Hill Riot

Ken Langone, certainly one of Residence Depot’s three billionaire cofounders and a serious Republican donor, stated he feels “betrayed” by President Trump as a result of he denied the presidential election outcomes, and that led to a violent rebellion within the U.S. Capitol [in January 2021].

“Final Wednesday [January 6 2021] was a shame and will by no means have occurred on this nation, and if it doesn’t break each American’s coronary heart, one thing’s unsuitable,” Langone informed CNBC [in January 2021] morning. “It breaks my coronary heart. I didn’t join that.”

As Congress will get able to vote on impeaching Trump for a second time, the 85-year-old investor added that any effort to rationalize the violence and the president’s actions could be an enormous mistake. He didn’t explicitly say whether or not he thinks Trump needs to be impeached, nonetheless.

“Going by means of the courtroom system to attempt to get some outcomes, [Trump] exhausted every little thing. It was over. Biden is the president, Biden needs to be within the White Home,” he stated. “I’m going to do every little thing I can from Day One to ensure I do my half to make Joe Biden probably the most profitable president within the historical past of this nation,” he added, emphasizing the devastating results of the coronavirus pandemic on the nation’s financial system in addition to the state of the general public schooling system and infrastructure.

As was typically the case, boycott efforts centered across the political actions of a founder or founders who had since retired from Residence Depot.

‘Lowe’s Is Over Right here Run by a Black Man Who Funnels Hundreds of thousands into the Group and Minority-Owned Companies …’

Within the put up, Lowe’s CEO was recognized as “Marvin Ellison”; Ellison was certainly chief government officer of Lowe’s as of July 2018.

The posts’ declare that Lowe’s was run by a Black man (Ellison) had been correct. As for the philanthropy portion, a Could 2020 CNBC profile of Ellison (“Lowe’s funds $25 million in grants to assist minority companies reopen; CEO challenges different executives to ‘do our half’”) started:

Lowe’s introduced [in May 2020] that it could help minority-owned companies with $25 million in grants to help efforts to relaunch the American financial system.

Lowe’s is allotting the funds to assist small companies, particularly house enchancment professionals, in want of masks, private protecting tools and different provides to function safely. The brand new funds comply with $340 million of help the house enchancment retailer supplied for Covid-19 response actions within the first quarter [of 2020].

“These are going to be minority companies and different companies that at the moment are beginning to reopen,” CEO Marvin Ellison informed CNBC’s Jim Cramer in a “Mad Cash” interview. “So we simply wish to proceed to not solely run enterprise but in addition be a fantastic company citizen in all the communities that we function in.”

As for the person political leanings of Residence Depot and Lowe’s, a 2020 Insider.com piece — “Liberal customers are hammering Residence Depot’s conservative roots, however the political actuality of the house enchancment huge bins is way extra sophisticated” — reported:

  • Residence Depot founders and Republican mega-donors Ken Langone and Bernie Marcus have attracted controversy over their donations to Republican teams and politicians, together with US President Donald Trump.
  • However is Residence Depot actually a conservative firm? And is Lowe’s its liberal counterpart?
  • To search out out, Enterprise Insider analyzed Federal Election Fee knowledge for Residence Depot and Lowe’s executives, in addition to knowledge from the Middle for Responsive Politics.
    The numbers present that house enchancment retailers have arrange PACs which have predominantly donated to Republican federal candidates, like most giant retailers.

[…]

However the recurring partisan controversy fails to seize the truth that each house enchancment corporations skew conservative relating to political giving — a bent they share with many main retailers. Whereas Lowe’s lacks a set of high-profile, long-retired Republican mega-donor founders to match these at Residence Depot, variations between the 2 corporations’ political contribution methods are thinner {that a} skim coating of paint.

With regards to big-name, hyper-partisan donors, Residence Depot largely has Lowe’s beat. Regardless of being the older firm, the unique movers-and-shakers of Lowe’s by no means achieved the identical high-profile or politicized standing within the enterprise world as their orange-aproned counterparts. The founding workforce at Residence Depot longtime house enchancment executives Bernie Marcus and Arthur Clean, investor Ken Langone, and merchandising professional Pat Farrah.

That in-depth have a look at the political exercise of the businesses themselves (versus founders and CEOs) included a particular breakdown relating to Lowe’s political donations:

To date in 2020, Lowe’s’ PAC has given a complete of $540,500 to politicians, with a breakdown of 30% in contributions to Democratic candidates and 70% in giving to Republican contenders. In 2020, the breakdown for Lowe’s’ PAC’s $602,000 was 25% to Democrats and 75% to Republicans. In 2016, the group gave solely 13% of its $448,750 expenditure to Democrats.

Regardless of Langone and Marcus’ high-profile conservative giving, Residence Depot’s PAC has constantly been extra Democrat-friendly than that of its rival. Whereas Residence Depot’s PAC favors Republicans, the partisan stability of its giving has grown extra even with every year. In 2020, Residence Depot has spent $1,495,000, giving 44% of that cash Democratic politicians and 56% to Republicans. In 2018, 36% of its $2,060,500 contribution went to Democrats, whereas in 2016 Democrats acquired 30% of an total contribution of $1,977,250.

Abstract

A really extensively shared Fb put up claimed that “whereas the co-founder of Residence Depot funnels thousands and thousands into Trump, Lowe’s is over right here run by a black man who funnels thousands and thousands into the neighborhood and minority-owned companies.” Variations on this declare have circulated for years, however Marcus and Langone had been not on the helm of the corporate. It was true that Ellison is Black, and that he helped fund minority-owned companies (particularly through the hardships of 2020). It might be remiss to not point out Insider.com’s evaluation of Residence Depot and Lowe’s direct political exercise, particularly that Lowe’s appeared to favor Republican candidates in its disbursements. Due to all of this, we now have given the general declare a score of Decontextualized.

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