Posted on 04/26/2022 6:51:56 AM PDT by Kaslin
Orwellian? Nope. MOre like PAST time for shareholders to sue the bast*rds...
Somehow, I don't think this will apply to executives. Originally, ESG scores were meant for businesses as a whole. Looks like the execs are passing the buck right down to employees.
Next step? Pass the buck down to cardholders. The CEOs, CFOs, board members etc will not be giving up their mansions, jets and yachts. This is the same as Tax the Rich or any other operating cost increases. The cost gets passed down to someone else and in the end, usually the consumer.
ESG = Environmental, Social, Governance
Environmental(better be green)
Social(as in Social Justice you white racist person)
Governance(don't speak bad about the management or government)
Welcome to the Great Reset
Go woke - Get sued by shareholders (hopefully)
**************
Why hold shares to begin with? By many metrics the company is presently overvalued. With the ESG policies a value destroying distraction its hard to believe that shares will grow substantially in value any time soon.
A ‘P” for political needs to be added to the ESG credo.
Sue those commies.
Looks like the execs are passing the buck right down to employees.
*************
The execs want employees to do as they say, not as they do.
So thankful for early retirement and companies that fully fund theie pension plans because up with this kind of crap I would not put.
As long as they can show shareholder how that helps their bottom line, I don’t see a problem.
If they refuse to provide that evidence or cannot provide it, then, obviously, the shareholders need to SUE THEM.
Well, consider the source......
GCESG
Global Communist ESG
New math.
ESG=P
Shareholders should sue for malfeasance and misappropriation of funds.
Totally cockeyed business management.
It’s political discrimination that needs to be banned. Attention libertarians — there nothing free market about firms getting highjacked by leftist managerial infiltrators from leftist business schools.
We don’t use it.
More and more of the ‘news’ these days makes the fact of being old(ish :-) seem not such a bad thing . . .
The corps are doing for the government under the gauze of themselves, looks like fascism to me
Another reason to root for crypto to destroy this useless, parasitic middleman.
No chewing gum under the desk! Don't get caught smoking in the Parking Lot!
Ring, ring...
MasterCard (MC): “MasterCard Fraud Unit. How can I help you?”
Customer: “Yes. I’m looking at my statement and I have a charge for Betsy’s Tiverna in Corsica for $2000. I’ve never been to Corsica. I think this charge is fraudulent. Don’t you guys usually catch this stuff?”
MC: “Yes sir. Our unit saw that charge. We researched it and yes, it is fraudulent.”
Customer: “Well, I’d like to have the charge removed and refunded immediately.”
MC: “I’m sorry sir, we can’t do that. In our research, we discovered the fraudster’s ESG score is higher than yours. So, in good conscience, we really couldn’t take the money back from them.”
Customer: “What the heck are you talking about?”
MC: “Based on their higher score, it’s obvious they are more inclusive in their business model than you are in your personal life. So we’re siding with them. You can boost your score by eliminating your carbon footprint, sharing your pay with the underprivileged and giving higher tips to gender confused waitstaff. Have a nice day.”
Click..
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