https://www.thetruthaboutguns.com/corporations-waking-up-to-the-damage-woke-capitalism-has-done-to-their-businesses/

" A new trend is emerging in the business world. Business leaders are waking up to the destructive "woke" policies being foisted on businesses by boardrooms more concerned with virtue signaling than their primary responsibility of ensuring corporate profitability and enhancing shareholder values."

"In short, the "woke" buck stops here, more corporate executives are saying. Mixing the politics of culture wars with business is a losing strategy."

" Former McDonald's CEO Ed Rensi is leading the charge. He ran McDonalds from 1991-1997, bringing the chain's McNugget to market and also served on the boards of Famous Dave's Bar-B-Que, Great Wolf Resorts and Snap-on Inc. These days, he's launching The Boardroom Initiative, comprised of three conservative advocacy groups The Job Creators Network, which was founded by Home Depot co-founder Bernie Marcus, The Free Enterprise Group and Second Vote. The goal: get business back to business and out of politics."

" California's Public Employees' Retirement System, or CalPERS, has been active in the divestment game to discriminate against firearm businesses at the cost of their own investors. Fund managers ignore their fiduciary responsibility to California's public workers and instead advance a "woke" discriminatory gun control agenda. As of 2019, these discriminatory policies cost CalPERS over $11 million to cover retirements that are underfunded by as much as $600 billion.

"Even the "Oracle of Omaha" Warren Buffett isn't immune to "woke" policies being driven by special-interest investors. Buffett refused to divest Berkshire Hathaway's funds in firearm company investments in 2018. He told CNBC's Andrew Ross Sorkin, "I don't believe in imposing my political opinions on the activities of our businesses."

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Keep going, Calpers. You can hit 1 trill underfunding soon.

UTExan said:

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Keep going, Calpers. You can hit 1 trill underfunding soon.

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They'll just come groveling to the federal government to bail them out.

Next Constitutional Amendment: The federal government can loan money to states at market rates, but it can't give money to states. No bailouts by the rest of us for state government mismanagement.

- States may not allocate their electoral votes based on the popular vote of their citizens. (I know, I know . . . keep dreaming.)

- Also, SCOTUS limited to 1 CJ and 8 associate justices, with penalties for failing to move expeditiously in either the nomination or confirmation process.

Like the guys at Dailywire have shown. There are oppurtunities in the void. If major investment firms refuse to invest in O&G that will lead to greater yield for those that do.

I don't have a business degree and I could've told them that. What are they teaching in business colleges these days?

I was listening to an interview recently and one of the best points brought up is that very few if any conservatives tend to show up at actual stockholder meetings and speak up but a handful of leftists do. Thus you only have one side presented and no "cover" for the execs who mainly just don't want to be hassled so the path of least resistance is to go along with the radicals who no one is objecting to. Conservatives need to show up just like they are showing up at school board meetings.

What took them so long?

Given the publication and author, I'm a little concerned this is overly optimistic.

We'll see if BlackRock starts backing off on the ESG nonsense.

I'm going to apply for one of these CEO positions with a resume simply stating "Proficient in common sense".

Keegan99 said:

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Given the publication and author, I'm a little concerned this is overly optimistic.

We'll see if BlackRock starts backing off on the ESG nonsense.

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Only way things really change is if this group or network has a realistic strategic plan of knocking BlackRock off its progressive soap box and diminishing its power.

Florida was a big wake up call to companies. It was huge.

They saw how Disney took it too far and it cost them BILLIONS

C@LAg said:

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there my be a pullback so far as less overt posturing, but sadly this is not going anywhere.

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Agreed, and it'll go back into overdrive once the boomers and Gen-Xers are dead and gone. Then there'll be only millennials and gen xyz running the show. One can only imagine...

AgNav93 said:

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I don't have a business degree and I could've told them that. What are they teaching in business colleges these days?

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They still teach the business stuff in grad programs.. just seems like people will go against logic to fit the woke agenda and cash in on that ESG fad.

They've always had the wisdom, they just lacked courage.

Agree with your comment. A countermovement that protects shareholders interests over "stakeholders" interests is sorely needed imo. We need a Blackrock or two or five that ain't woke. I'm
Not advocating for corporate irresponsibility at all, just a return to some modicum of reason.

The Mckinsey morons have ruined many a good company with this as of late and been paid millions to do so.

Layne Staley said:

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The Mckinsey morons have ruined many a good company with this as of late and been paid millions to do so.

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Also Jeff Skilling's alma mater.

At this point S&W and Ruger should be looking for investors to assist them in going private.

The market is only open to you if you have the correct social street cred and tow the line. Welcome to facism in 2022.

Wow companies are just realizing that answering to 1% is a bad thing? Like a kid who sticks his hands in. Fire or into the blades of a fan.

If I were to add another in a long list of proposed constitutional amendments it would be that if any federal state or local government or agency thereof invests in common stock of a company such entity is prohibited from participating in shareholder votes.

State and local pensions are using taxpayer and state employee money to push ESG investing and woke policies onto corporate America.

techno-ag said:

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Florida was a big wake up call to companies. It was huge.

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America owes Ron Desantis so much. He deserves to be the next president more than anyone I can think of

You're conflating work/life balance with woke DEI employment. Your narrow purview may lend itself to thinking these two issues are closely correlated, but it doesn't mean it's 100% true in every workplace. Or maybe you just aren't great at articulating your point.