The problem we have is that Blackrock, Vanguard and the like are all in on ESG/DEI, and they control so much wealth that it affects stock prices greatly, regardless of return. For now. But eventually, the Gods of the Copybook Headings will prevail.
Correct. Blackrock votes the millions of shares of the funds that they manage. And CEO Larry Fink has been forcing ESG and DEI on companies this way.