Home Depot
Public Statements Risk
The CEO, Ted Decker, is still covered less than founders Bernie Marcus and Arthur Blank. Both on the company site, in press releases, and on social media, the company mentions ESG and eco-initiatives. Actor Tyrese Gibson is suing the company for a racial profiling incident at one of its locations. And Bernie Marcus donates enough to get reliably covered in the news.

Political Contributions Risk
The company and its senior executives are the highest contributors in the retail sector, and have partisan donations that moderately'favor Republicans. Home Depot's founder has received press for contributing $60 million to Republicans.

Political Dichotomy Risk
The company leans Republican and has a right-leaning, but slightly more moderate, consumer base. Both brand reputation and climate change are listed as risk factors in the company's 10K. Climate change as a risk factor creates a natural tension for a firm considered as a lifestyle brand with many rural and right-leaning customers. Additionally, the overwhelming majority of Home Depot locations are in the United States. They have stores in each state and several territories. As most of their revenue comes from these locations, it opens them up to significant risk related to shifting consumer opinion related to the political climate.

Associational Risk
The riskiest association is with the co founder, Bernie Marcus, who is a billionaire conservative who has donated millions to Republican politicians, including Trump, Herschel Walker, and Ron DeSantis. He is not with the company anymore but headlines always refer to him as 'Home Depot Co founder' despite company's desire to remove itself from him.

Brand Visibility Risk
High search volumes, and likely vulnerable to boycotts with many alternatives around.
