He’s virtue signalling and not telling the truth. A CEO doesn’t have the power to just destroy 5 million dollars of assets owned by the company. THe board has to make that decision and its a dereliction of their fiduciary duty to do so. You basically just threw 5 mill out the window with nothing to show for it - which means that they would be sued by the share holders for it and would be held personally liable for it. And they would lose in court. The only way this happened is if the CEO bought the weapons himself and then chose to destroy them. Doing so on such a large volume of weapons would require that he obtain an FFL from the government. No one can buy 5 million dollars of firearms without being top of the list for the ATF to investigate.
They’ll claim federal and state tax deductions for the “obsolete inventory” and save 30-40% of the loss
Hardly compensating for the lost business, guns and otherwise