Conservative pastor urges buying Microsoft stock to fight its gay rights efforts

[meegbear]

A conservative Christian pastor plans to launch a high-profile campaign Tuesday urging religious followers to load up on Microsoft Corp. stock, in an attempt to force the company to "stop financing ungodly ventures."

The Rev. Ken Hutcherson, who leads Antioch Bible Church in Microsoft's hometown of Redmond, says that he will create a global and powerful group to promote traditional family values, including marriage exclusively between a man and a woman.

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.

"We're not trying to hurt Microsoft or their shareholders, nor are we calling for a boycott of their products," volunteer spokesman Dennis Sullivan said. "We are trying to get Christians to buy their shares."

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.

http://seattlepi.nwsource.com/business/346431_antiochmsft08.html