Last week GrubHub executive Matt Maloney invited the company’s employees to resign if they agreed with Donald Trump’s “nationalist, anti-immigrant and hateful politics.” I don’t think I was the only person to delete the GrubHub app from my phone: Its stock price immediately fell 4 percent.
Capitalism. I love it.
The stock-price reaction told us Maloney’s effort at mixing business with politics was a betrayal of his duty to the company’s shareholders. We’ll let them figure that one out. But what happens when viewpoint bigotry is widespread, and there’s no market corrective?
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