Posted on 09/27/2022 3:36:05 PM PDT by oblomov
That didn’t take long. Less than a week after Pfizer was hit with a lawsuit over a fellowship program that excludes whites and Asians, shareholders are demanding that the company scrap a spate of race-conscious policies that they say put it at risk of further litigation.
The lawsuit, filed Sept. 15, argues that Pfizer is violating federal law by excluding white and Asian applicants from its prestigious "Breakthrough Fellowship." In an open letter to Pfizer executives last week, shareholders allege that the program is just one of several policies that invite a "pandora’s box" of civil rights complaints.
Beyond the fellowship, they point to an apparent requirement that a fourth of Pfizer directors "identify as ethnically diverse," according to the company’s ESG reports ✎ EditSignand corporate governance principles✎ EditSign. The pharmaceutical giant has also linked executive pay to the diversity of its employees, with hard targets set for the number of African Americans and Hispanics in management positions.
The letter, filed by the public interest law firm the American Civil Rights Project on behalf of shareholders, is the latest example of corporate investors taking action to challenge reverse discrimination. Over the past year, shareholders in Coca-Cola, JP Morgan, McDonalds, and Lowe’s have threatened to sue executives at each company who’ve implemented race-conscious policies, which they argue invite costly litigation that threatens their interests as stockholders.
The threats persuaded Lowe’s and Coca-Cola to drop a variety of racial quotas. When Starbucks executives ignored similar demands, one nonprofit, the National Center for Public Policy Research, used its stock in the company to file a lawsuit against the coffee giant’s top brass. The center also owns stock in Pfizer, and is one of the shareholders that signed on to the demand letter.
(Excerpt) Read more at freebeacon.com ...
Lefty or not they don’t want the feds coming in and meddling around
Israeli Researchers Raise Alarm on Pfizer Shots, Warn of ‘Severe Side Effects’ September 25, 2022
The shareholders are racist. No white people can buy shares of Pfizer anymore.
But, but, but blacks can’t compete fairly because whites and asians are much supremier
They want only the best of the worst!
Don’t forget Jooos! Everybody’s racist, unless a victim.
Go woke, get sued until until your broke.
The Civil Rights Act of 1964 prohibits the hiring or firing of people based on race, etc. I have little doubt that the DOJ has any interest in prosecuting companies for violating this law when it comes to the exclusion of whites and Asians, however.
If this is how we beat ESG than so be it. The only people who will profit from ESG don’t need any more money!
Woke, for: "I think, therefore I am".
Intel set one up during Obama’s power grab.
It nearly sank the company.
The new CEO Pat Gelsinger is trying hard to fix the damage.
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