Posted on 06/17/2020 6:45:08 AM PDT by Kaslin
Twenty-six years ago, Morgan Stanley hired Marilyn Booker as their first diversity director, charged with overseeing corporate efforts from the firm’s New York City headquarters, a 685-foot, glass, Times Square skyscraper. Ten years ago, Booker left that post to work in their financial wealth management division. Seven months ago, Booker was fired.
But that was before video aired of George Floyd’s death, and spreading, national protests escalated into riots, violence, church burning, monument defacing, and occupations. How quickly things change. Now Booker is leading a group of black women in suing the company that employed her for a quarter-century, charging that the firm systematically discriminates against black employees.
The suit comes after a notably active week for the investment bank’s activism. Since Black Lives Matter blasted back into our Alzheimer’s-addled news cycle, Morgan Stanley’s chief executive, James Gorman, committed $25 million to a new internal “diversity” effort, sent $5 million to the NAACP, promoted two black women, and sent an email about it all to staff. For his efforts, he was personally named in Booker’s lawsuit.
But Morgan Stanley is not uniquely stupid for empowering an activist whose sole job was to call them racists. For decades, corporate America has launched similar efforts in the vain hope that money, press releases, and choice divestments could virtue-signal them out of the mob’s cross-hairs and even hurt their competitors. None of it saves them. On the contrary, moves to embrace the mob have placed corporations more clearly in their sights than they were before.
At root is the reality that corporations are cowardly, and there’s a reason for that. While conservative consumers are adept at patronizing companies that support their worldview, a la Chick-fil-A, they rarely target private industry for blatant Democratic partisanship. Liberal consumers and their media enablers, on the other hand, will boycott a company for the slightest connection to the slightest transgression.
Over the past 30 years, this has taught corporations like Nike that attacking conservatives has no consequence, while pushing left-wing values has no detriment. Until now.
We’ve seen this sort of suicidal partnership before — and recently — with the secret alliance between environmental radicals and energy companies. First, the energy companies went after their competition in the coal industry, with firms like Chesapeake Natural Gas sending more than $25 million to the Sierra Club. Now this is the model, and at the moment, major oil companies like Exxon are funding a Republican-staffed carbon tax effort that would disproportionately hurt their smaller competitors.
The list goes on, but one thing remains constant: Soon enough, as company after company and job after job are forced to climb to the guillotine, the corporations paying the bills get closer and closer to the front of the line.
The left employs this tactic because it works. And part of why it works is that Wall Street capitalists and corporate leaders think its better to pay homage to the mob, feeding it employees, executives, and competitors and hoping this will satisfy the demands. It doesn’t, of course, and won’t ever.
Now the mob is both inside the door and at it, its supporters running H.R. departments and manning diversity posts while boycotting, threatening and suing from outside. While they could once count on their friends in the GOP to help them out, they no longer have any real friends in the party. If executives don’t stand up for themselves now, no one will. And the scaffold is calling.
“Please, loot us last.”
― George Orwell, Nineteen Eighty-Four
Corporate America fully joined in this Marx-inspired nonsense decades ago when it started pushing diversity.
Dear God, I hope they all go bankrupt.
I am amazed and disappointed that everyone from Starbucks to my credit card supplier to the NFL feel the need to issue saccharin slogans about supporting “black lives” and reacting to riots.
Corporations employing racial politics as a marketing tool is about as filthy and low as you can go.
Corporate America’s Strategy Of Mob Appeasement Will Destroy it, Just As It Always Has
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Why do we continue to get articles like this? Corporate America has not been destroyed by anything. Hell, they are in the driver’s seat.
“Corporate America” has been a fascist monolith for more than a century.
Anyone aware of a site where the names of the Corporations and individuals who have contributed to these subversive organizations are clearly listed? First rule in an argument or conflict: Know well your enemy.
Corporate America is poison. They are designing and manufacturing the noose for America.
So true. And so sad.
A state chartered corporation is a legal entity that serves to further the interest of the state. Originally grants of coronation were a a charter for the sovereign. Corporations are tools of the state so it should be no surprise when they tow the state line.
He read us the CEO's press release, he did not say specifically BLM, but he did say social justice causes. Our broker said if it gets too weird, his group within ML can go to another brokerage, he suggested Morgan Stanley, it is run similar to Merrill Lynch, lol.
Chick-fil-A is not conservative anymore. They caved int and walked away from Salvation Army and Fellowship of Christian Athletes to support a safe house for runaways started by a homo priest. And the kids make the rules. Haven’t been there since last November.
No offense, but this is a crock of sh!t.
A state-chartered corporation simply establishes the jurisdiction under which the company operates. You can have a state-chartered corporation that is dedicated to the overthrow of the state government, if you'd like.
Hobby Lobby has been successful in challenging provisions of ObamaCare because its bylaws are crafted in a way that is absolutely at odds with "the state" in many respects.
They may not know what has happened to them, but they are no longer free businesses , they have become slaves, and it will only get worse.
I was working for a major oil company once as a contractor and they were under fire big time for drilling in some 3rd world hell-hole known for egregious human rights violations. They sent out a copy of their marketing reply to the accusations to all staff, basically a very weak submissive type of reply but they were going to keep drilling there.
Rather than telling them that their reply was weak, I replied back telling them: well done, you cannot influence the game if you abandon the playing field. Staying there, setting an example by paying the foreign nationals they hired there well and treating all with respect, they would help to change the paradigm.
Someone in their marketing dept saw that and 2 weeks later they had turned my 3 line email into a 500 word essay, half-page add in the WSJ using that logic, and it worked. The media attacks stopped.
You’ll never satisfy The Mob because their demands will keep increasing. They’re drunk on power and having too much fun making Corporate America kowtow.
Keep feeding the alligator in the hopes he will eat you last.....
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