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Miracle Gro for Mitt: Scotts Throws its Weakened Financial Might Behind Romney

To All Democrats and Independents Who Garden . . . LISTEN UP: If Miracle Gro Votes with its Wallet, So Should The Rest of Us

Long miffed by what he considers to be the nuisance of environmental safety regulation, Scotts Miracle Gro Czar Jim Hagedorn is voting with his brand’s wallet in 2012.

Concluding that his fertilizer and pesticide company will have an easier time of getting its products past regulators under a Republican administration, Hagedorn recently authorized a $200,000 donation to a superfund that supports Mitt Romney for president.

The very public move concerns many within the Ohio company, who fear a Chick-fil-A style backlash from customers who support Democrats. Company spokesperson Jim King, however, said Hagedorn, as usual, couldn’t be muzzled.

“His point of view was, ‘If I’m going to do it, I’m going to do it in the light of day,’ ” King told the Washington Post.

Hagedorn’s frustrations have reportedly been boiling over in the past year as the company’s stock has plummeted and sales have failed to reach expectations for the third consecutive year. Scotts Miracle-Gro’s fiscal third-quarter earnings declined 16 percent, according to a recent announcement. Shares of the lawn-and-garden products company were down 6.9% to $38.55 after hours as results missed analyst expectations, although the past week has seen the stock rebound slightly.

The man who infamously declared “business is war” and hung the “Don’t Treat on Me” flag outside the corportate office, was unabashedly candid in his letter to shareholders earlier this year:

“I have always written this letter with a straightforward approach and with transparency about our performance. So it would be insincere to adopt a new style simply because I didn’t like the outcome. So here are the facts: our financial performance in fiscal 2011 was disappointing as sales, gross margin, operating profit, earnings per share and cash flow all were lower than we expected.”

This followed massive dips in sales since 2009 when the company’s revenues peaked at above $3 billion.

So frustrated by his inability to right his company himself, yet again, the Miracle Gro boss hopes Romney can come to the rescue.

The question must be asked of all who vote Democrat or Independent, however. If it’s OK for Miracle Gro to vote with its wallet, shouldn’t we vote with ours, too?

About The Author

Paul Tukey

An international leader of the green movement, Mr. Tukey is a journalist, author, filmmaker, TV host, activist and award-winning public speaker, who is widely recognized as North America's leading advocate for landscape sustainability and toxic pesticide reduction strategies.

Number of Entries : 1023
  • Stamps1962

    Scott’s is apparently not interested in any input from their customers. I have contacted them twice in the past ten days and have not even received acknowledgment. They have a Facebook page now full of posts from angry customers. Some woman apparently from corporate is on there butting heads with some posters. These guys are not backing down. I think this article is right- they want less regulation to sell their pesticides and are in deep doo doo financially.

  • Stamps1962

    Scott’s is apparently not interested in any input from their customers. I have contacted them twice in the past ten days and have not even received acknowledgment. They have a Facebook page now full of posts from angry customers. Some woman apparently from corporate is on there butting heads with some posters. These guys are not backing down. I think this article is right- they want less regulation to sell their pesticides and are in deep doo doo financially.

  • Benjamin

    Maybe as big an issue is why the heck do we not force government to pass laws not allowing corporations to sponsor elections? I weep at what $200,000 could do for an orphanage, or rehab clinic, or nature preserve. Evil and twisted election system which is no long for, of, or by the people. Amen.

  • Benjamin

    Maybe as big an issue is why the heck do we not force government to pass laws not allowing corporations to sponsor elections? I weep at what $200,000 could do for an orphanage, or rehab clinic, or nature preserve. Evil and twisted election system which is no long for, of, or by the people. Amen.

  • Stolon Guy

    C’mon, lets not turn this blog hyper partisan…

  • Stolon Guy

    C’mon, lets not turn this blog hyper partisan…

  • http://www.safelawns.org/ Paul Tukey

    Benny, Thanks for the well-written and well thought-out email. I realize I probably stepped over, or at least too close, to a line that makes a lot of people uncomfortable in writing this blog. I openly resent Jim Hagedorn. I openly resent Scotts Miracle Gro. And I especially resent the company openly backing one candidate or the other, the same way I think a certain fast-food chicken company ought to keep certain opinions to itself.

    I’m going to let the post stand as written, but will refrain from this type of political commentary in the future.
    PT

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