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Tuesday, January 8, 2008

Ken Hutcherson launches another money-making venture.

by @ 4:18 pm. Filed under Gay News

The pastor promises that this new effort will force the company to return to “family values”. In the article it states:

Hutcherson, joined by some of the country’s most influential Christian leaders, has created a new organization, AGN Financial Network, to finance the effort. The worldwide venture asks people to buy three shares of company stock and donate one to AGN. Its Web site tells visitors, “You have the power to change the world,” and contains tips on how to open a brokerage account. Among the listed supporters are Richard Land of the Southern Baptist Convention and religious pundit Gary Bauer.

But in the same article it also states:

It’s unclear what effect, if any, the initiative could have on the stock price. It would be difficult to influence company direction — just to gain a 1 percent stake in Microsoft, about 31 million people would each have to spend $104 to buy three shares. Microsoft has about 9.36 billion outstanding shares, and its largest holder is Chairman Bill Gates, with 858 million shares, or 9 percent of the total. Capital Research and Management Co. follows with nearly 557 million shares, or 6 percent.

Now in order for these evangelical christians to gain a controlling share of the stock they would have to have 51% of the all the stock which would amount to 4,773,600,000 billion shares or to put into perspective the evangelicals would have to spend a combined total of $165,500,712,000
and in a perspective each family would have to spend a ballpark figure of $11,033.38 but that is not considering that stock prices would soar to astronomical figures if these christians all started buying up stock in microsoft. The actual figure could be 10 times that amount. Even I know most families dont make enough money to spend on things like this.

What is also telling is what the pastor said in the end of the article:

When asked whether the new initiative is a ploy to make money for his church, Hutcherson said, “Absolutely.”

“We’re going to need the finances to go to the next companies,” he said. “Anything you do successfully needs money.”

Note I boldened the whole text because his motivations are made clear. This is not about influencing policy in companies its about money, a good portion of which will end up in Ken’s pocket. I just really hope that Ken will stop and look at the legacy he is leaving, every single venture he has tried to accomplish has ended in failure. He couldn’t stop the anti-discrimination bill from becoming law, he couldn’t get enough signatures to force a vote on the law. He really should quit while he is ahead, each failure makes you less and less credible. You should stop getting politically involved for your own sake as well as to save the reputation of your church, and focus more on evangelizing.

One Response to “Ken Hutcherson launches another money-making venture.”

  1. Joe Brummer Says:

    I do not agree this is about intentionally trying to get money to line his pockets. I think this guy really wants his actions to make money to fund the next movement. I don’t think this is about greed. I think it is about power.

    He wants power to control Microsoft and other large companies so they fall into line with his beliefs. What seems odd to me is that he is so demanding that people respect and submit to his version of god while ignoring that others may not believe as he does. This seems to be a power trip. Delusions of grandier.

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