{"id":191139,"date":"2021-10-13T14:11:03","date_gmt":"2021-10-13T18:11:03","guid":{"rendered":"https:\/\/www.gunsamerica.com\/digest\/?p=152804"},"modified":"2021-10-13T14:11:03","modified_gmt":"2021-10-13T18:11:03","slug":"smith-wessons-ousted-ceo-ed-shultz-i-dont-regret-gun-control-deal-with-bill-clinton-2","status":"publish","type":"post","link":"https:\/\/gunsamerica.com\/digest\/smith-wessons-ousted-ceo-ed-shultz-i-dont-regret-gun-control-deal-with-bill-clinton-2\/","title":{"rendered":"Smith & Wesson\u2019s Ousted CEO Ed Shultz: ‘I Don\u2019t Regret’ Gun Control Deal with Bill Clinton"},"content":{"rendered":"\n
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No president since Bill Clinton has convinced a gun maker to make as many concessions as Smith & Wesson did. (Photo: Kenneth C. Zirkel)<\/em><\/figcaption><\/figure>\n\n\n\n

Smith & Wesson\u2019s ousted CEO Ed Shultz doesn\u2019t have any regrets.<\/p>\n\n\n\n

In an extended interview with Mass Live<\/a>, Shultz told the outlet that he still believes he made the right decision when he inked a gun control deal with the Clinton administration that nearly bankrupted the company.<\/p>\n\n\n\n

\u201cI don\u2019t regret it,\u201d Shultz said. \u201cAt one point, both sides were genuinely trying to come to some agreement.\u201d<\/p>\n\n\n\n

Shultz came to that \u201cagreement\u201d with President Bill Clinton after a mountain of lawsuits leveled by the anti-gun lobby threatened to send Smith & Wesson into bankruptcy proceedings. But while the National Rifle Association and other gun companies worked to pass legislation protecting gun makers from frivolous lawsuits, Shultz raised the white flag and came to the anti-gun table.<\/p>\n\n\n\n

\u201cToday I am pleased to report that a key member of the industry has decided to set a powerful example of responsibility,\u201d Clinton said at a press conference in 2000. \u201cFor the very first time, a gun manufacturer has committed to fundamentally change the way that guns are designed, distributed and marketed.<\/p>\n\n\n\n