The growing importance of environmental, social and governance criteria has weakened Friedman’s doctrine of shareholder primacy, perhaps fatally. Globalfunds manage $7.7trn in assets, having doubled in size in the past seven years. Even the Business Roundtable, a talking shop for American bosses, declared in 2019 that companies must place the interests of a variety of clients, customers and communities on equal footing with shareholders.backlash is flourishing.
A study by Daniel Garrett of the University of Pennsylvania and Ivan Ivanov of the Federal Reserve Bank of Chicago considers one anti-laws, which had the unfortunate side-effect of thinning out the number of bond underwriters, raised issuers’ interest costs by $300m-500m in their first eight months. Meanwhile, Indiana’s anti-bill was watered down after the state’s fiscal watchdog suggested that it would cut annual returns to the state’s public pension funds by 1.
Any success that Strive achieves in changing corporate governance and raising returns will be enjoyed by holders of other energy funds as well. Therefore an anti-woke investor may be best advised to stick with lower-fee funds and wait to see whether the efforts of anti-esgFor a hard-headed investor who still believes in Friedman’s doctrine, the anti-movement would hold an obvious appeal were it to become less costly. But at the moment there is only one rational choice.
I had to read this twice. Wtf is wrong with your editors to allow this insane partisan hack headline to be published. This esteemed magazine is becoming quite hard to actually read. Pathetic
ESG: Elite's Social Grift
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'Looking at a new car can lift your mood'
Keep politics out of the market. Way the out
Political manipulation Why are gas companies scoring higher than tesla? Should be abolished
Screw your ESG
ESG is politically correct nonsense that slows access to key natural resources and undermines shareholders, the only true stakeholders. Anyone managing money using ESG as a criterion is violating fiduciary responsibility if their prospectus doesn't disclose it.
Tell the people who invested in FTX the costs of not participating if you can.
The anti-psyop industry is growing exponentially, just keep trying to run the psyop so we can point out what you’re doing more easily.
Esg is a globalist control mechanism Should be abolished