Paul Serran 👾
‘A new financial firm backed by Peter Thiel and Bill Ackman aims to take the ‘woke’ out of corporate America - and is taking aim at BlackRock’s push for ‘stakeholder capitalism’ ESG purity tests with several new funds that instead promote “Excellence Capitalism.”’
‘Vivek Ramaswamy, author of “Woke, Inc,” has raised $20 million to launch “Strive Asset Management,” an activist fund which will urge companies to drop unprofitable social justice issues pushed by BlackRock, Vanguard and State Street, which Ramaswamy refers to as the “ideological cartel.”’
‘Strive aims to solve a fiduciary problem created by the three largest U.S. asset managers — BlackRock, Vanguard and State Street — which control over $20 trillion in assets, exceeding the total U.S. gross domestic product. These “Big 3” firms bear a fiduciary duty to advance the best interests of their clients. Yet in the name of “stakeholder capitalism,” they use their clients’ funds to exercise decisive influence over nearly every U.S. public company to advance political ideologies that many of their clients disagree with. They engage in coordinated efforts to enact a uniform social agenda across corporate America resulting in higher gas prices and other consumer harms, which Arizona Attorney General Mark Brnovich recently called “the biggest antitrust violation in history.” -Business Wire’
Revenge Of The Based: Thiel-Backed Fund To Take On ‘Woke’ Blackrock Activism
https://www.zerohedge.com/political/revenge-based-thiel-backed-fund-take-woke-blackrock-activism
https://t.me/PaulSerranchannel/6273