From another thread:
...”Anson Frericks said behind-the-scenes politicking from firms like New York-based BlackRock and Pennsylvania-based Vanguard spur many of the controversial decisions sparking nationwide boycotts from longtime more conservative customers — such as the ill-fated Bud Light promotion with transgender influencer Dylan Mulvaney
He said BlackRock, Vanguard, and another firm, State Street, manage about $20 trillion in capital and use their clout to promote agenda politics being pushed on them by progressive lawmakers overseeing government pension funds that the companies profit from....”
Nothing will come of it.
From another thread:
...”Republicans have been fighting the ESG push from Democrats led by the Biden administration. In March, the Republican-controlled House approved a measure to block Biden’s new rule that permitted including social justice and climate change principles as criteria for pension investments.
Sen. Rick Scott (R-Fla.) said that in allowing people’s pension funds to be used for ideological purposes, the Biden administration is “giving away the basic rights of American citizens to give more power to the radical left.”
“If you put money into a retirement plan, you expect to get the best return you can get; you expect that whoever is running it is a fiduciary to get the best return possible. What the Biden administration is saying is ‘no, you don’t have to do that … if you have some social agenda, you can focus on your social agenda.’”... /snip
Take down Black Rock and Vanguard and all this ESG rap will stop.
You go for the head and the balls. Then the rest will collapse like a cheap suit.
Who gives a crap? The GOP is less than a toothless tiger.
ping