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State treasurers to Business Roundtable: focus on shareholders not woke activism

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State treasurers are urging the Business Roundtable to return corporations' focus to shareholder value rather than a broader focus on stakeholders they warn leads to woke activism.

A group of more than a dozen state treasurers sent a letter to the Business Roundtable on Wednesday urging the group of leading corporate executives to restore their definition of a corporation's purpose to focusing on shareholders, rather than a broader definition they argue opens the door to woke activism.

" JOHN DEERE RELEASES STATEMENT REJECTING DEI POLICIES: 'COMMITTED TO OUR CUSTOMERS' The treasurers noted that when the change was made, 54% of Republicans and 36% of Independents "felt that large corporations had a positive effect on the country," but that by 2021 less than a third of all groups, including Republicans, Democrats and Independents believed that to be the case.

 

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