Woke, broke, you know...the thing.
I didn’t read the article yet, but will.
ESG = Corporate Fiduciary Negligence
I hope they get sued into nonexistence over the fiduciary misconduct they have committed over their leftist ideals.
Won’t matter once the government (fascists) write some new laws that will enable this ESG crap to be forced on everyone. It’s coming.
Interesting. Maybe they aren’t as invincible as they’ve been leading people to believe.
Key quote:
“Since the beginning of the year, the firm has lost 40 percent of its market value, or approximately $55 billion.”
“We accept that our retirees will have a much lower standard of living due to reduced performance of these funds, but that is an acceptable price for social responsibility in investing. Besides, there are some fairly tasty cat foods out there if you look around.”
Over in the chat forum we are talking about the coming...
Personal ESG Score
“UBS downgraded by Blackrock over poor investment analysis”.
I guess two can play at this game....
Go woke, go broke.
But, it’s the people/investors/consumers who have the last laugh. People may get canceled by the woke crowd and woke companies. But, the woke people and woke corporations are getting canceled by the people.
Live and learn, but some lessons are very costly, as many of the woke are finding out.
The people are also candelling out the woke democrat policies, and come November, the cancellations will teach the woke crowd some well-deserved stinging lessons.
ESG means forget being a fiduciary.
Oh please make this a thing
To big to fail.
Unfortunately.