being pushed on them by progressive lawmakers overseeing government pension funds that the companies profit from.
Woke governance that has caused profits to spiral at Anheuser-Busch often begins with lefty investment firms, one of their former execs says.Anson Frericks said behind-the-scenes politicking from firms like New York-based BlackRock leads to controversial marketing decisions.Frericks gave his two cents on companies “going woke” during an appearance on Fox News’ “Jesse Watters Primetime.
“In California, for example, they recently have mandated those large pension funds that they divest from things like fossil fuels and oil and gas, and then when Bill de Blasio, [former] mayor of New York, was there, he did the same thing,” he said. “But they also tell BlackRock, State Street, and Vanguard if they’re going to manage their money, they have to commit to things like ESG — diversity, equity, inclusion — and adopt firm-wide commitments that they therefore then force onto all the major companies in corporate America.”Target recently courted controversy with its Pride Month kids’ collection.Frericks added he left his job at the St.
He pointed to Atlanta, home to Coca-Cola and Delta Airlines, which became outraged after Georgia’s legislators passed election integrity laws.
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