Posted on 04/21/2022 2:29:46 AM PDT by Trillian
A former McDonald's CEO credited with inventing the McNugget is now leading the charge against corporations that implement woke policies.
Ed Rensi, who served as the CEO of McDonalds from 1991 to 1997, is partnering with conservative advocacy groups to form The Boardroom Initiative, FOX News has reported.
Its goal is to protect share holders and employees of publicly traded companies from 'woke' policies, which the group says imperil profits and thus betray the very shareholders who pay corporation staffs' wages.
The Boardroom Initiative also aims to counter left-wing groups' decision to buy up stocks in the businesses until they raise enough clout to lobby the board to adopt woke policies on issues including gender and race.
The Free Enterprise Project, an existing body which has joined forces with The Boardroom Initiative, has laid out a blueprint to tackle woke overreach.
Its members have bought 2,000 Bank of America shares - enough to formally propose a motion at the next shareholder meeting. They will now demand the firm undertake a civil rights audit to try and stop staff pushing critical race theory-inspired 'equity' training on staff at its upcoming meeting.
Companies have been urged in recent years to adopt more liberal policies so they could raise more money from groups like money management firms like BlackRock, which look at a company's 'environmental, social and governance' factors.
Many now regularly issue statements on issues including police brutality and transgender treatments for children. Blue-chip firms which have pushed critical race theory-inspired training on staff include American Express and Disney
But Rensi says that woke obsessions are hitting firms' bottom lines, meaning they're failing in their duty to shareholders.
'Corporations have no business being on the right or the left because they represent everybody there and their sole job is to build equity
(Excerpt) Read more at dailymail.co.uk ...
This may be the most encouraging news I’ve seen all week.
This is exactly the type of thing that is needed.
Hit ‘em where it will hurt ‘em the most. In their stock portfolios.
This is an excellent positive step. What would be REALLY good would be to force out Larry Fink from leading Blackrock and whoever Vanguard’s CEO is as well. These two huge equity funds are using our money....since they manage pension and other funds for tens of millions of people...to push their woke Gaia worshipping BS.
On the same grounds, which is that they are not maximizing shareholder value by pushing this woke crap, they have breached their fiduciary duty. Somebody needs to sue them both to force their removal.
Go Ed !
First, Musk is making noises that threaten wokeism. Now this. Maybe the worm is turning. Encouraging.
Bravo!!!!
Glad he’s doing this but he didn’t invent Mcnugget. McDonalds stole it from some food science guy at Cornell and add “Mc” to “nugget”.
It is high time for the movers and shakers to start moving and shaking.
I might even eat at McDonald’s again.
Successful businessmen are able to sense a trend long before the lead-from-behind politicians and plan for it.
Maybe they sense that the pushback against lefty wokism is reaching critical mass and capitalize on that. It's a good sign regardless. November will be the first big test.
Facepalm. He needs to learn the woke lingo.
“… A former McDonald’s CEO credited with inventing the McNugget…”
He should be prosecuted for that. Yet, he’s doing the right thing now.
Need more people with influence and power to have this kind of courage to save this great country
It doesn’t say he invented the nugget, but the McNugget…
“McDonalds has the Golden Arches, McDowells has the golden arcs…”
He`s gonna give `em a quarter pounding.
Good. Good. Good.
Prosecuted, no. summarily flogged, yes. Nuggets are absolutely vile. Still, by the powers vested in me, I hereby issue a full pardon given his recent actions.
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