Sounds Orwellian.
Go woke - Get sued by shareholders (hopefully)
I wish I would have come up with the ESG scam.
Next: E$G scores for customers.
Power >> money.
How about just doing your job?
This goes against every foundation of American greatness.
In the past, you succeeded by hard work and innovation to improve profit.
The people behind this will eventually be run out of town after they are tarred and feathered.
This nonsense is nothing but favoritism by another name.
Companies will be destroyed by this crap and they will deserve it.
Author Chris Talgo isn't taking a long-enough view of this trend and its logical destination. All companies will be nationalized and be owned by the government. At that point, the profit motive will be completely erased, capitalism completely destroyed, only ESG goals will matter, you will live and die by your Social Credit Score, the Worker's Paradise will be complete, and you WILL be happy.
The executive team at MasterCard and others think they are appeasing the Great Fedzilla hoping it will eat them last, but they are sowing the seeds of their own destruction.
The left took over the educational system and indoctrinated the majority of young Americans. Now, the indoctrinated have risen to positions of influence. The indoctrinated also vote not only with the ballot, but with their dollars.
The 40 and under crowd support this nonsense. It is becoming their country, their world. They have no idea what they are bringing onto themselves. It’s possible they won’t ever realize it, or care.
I wish them well, but I don’t see this working out in the long run.
MY Master card will remain idle. Thanks for the info.
Commies are the ultimate parasite.
Payment processors are a dime a dozen. These companies are dinosaurs and can’t keep up, so they are hoping big government will save them.
Go to a supermarket and see how many payment processors are available. It’s ludicrous.
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
Sue those commies.
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.
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.