Posted on 11/21/2025 7:44:36 PM PST by TBP
In his second term, President Donald Trump certainly hasn’t been afraid to go bold — and now it could be the stock market’s turn.
The slate of reforms under consideration could be the biggest positive development for our financial markets since the early days of the Reagan administration, if not since the creation of the federal securities laws themselves.
It could also finally put the brakes on the rise of “woke capital.”
For years, political activists have been using America’s biggest corporations as vehicles for their social agenda.
They call it “ESG” — environmental, social and governance investing — but it really boils down to pressuring companies to take political stands that most ordinary investors never asked for, from Black Lives Matter to “climate justice.”
The most famous example came in 2021, when a tiny “green” hedge fund named Engine No. 1 managed to get two climate-activist directors on the board of oil giant Exxon Mobil.
How did political actors disguised as investors convince other shareholders to elect oil-hostile directors to the board of a petroleum company?
Simple: They captured the votes of the massive passive index fund giants — BlackRock, Vanguard, and State Street.
Instead of letting three giant index fund families dominate shareholder votes, the Securities and Exchange Commission could require them to vote the same way they invest — passively.
Passive funds should mirror how the rest of the shareholders vote.
(Excerpt) Read more at nypost.com ...
“making companies go woke with ESG”
Um.
Companies go woke because all their employees require a four year communism degree and many a 6 year masters of communism degree. When 90% of your workforce is indoctrinated in some awful university, your corporation is going to be woke too.
ESG isn’t the cause. Sure it doesn’t help but let’s properly identify the issues. The universities are ruining this country.
People forget that it was under the Clinton administration that massive mergers like Exxon and Mobil took place. Also Conoco and Phillips.
That’s a myth. Hw beloved in the noaence of good Truts and bad Trusts.
AND THE TAXPAYERS ARE FUNDING IT ALL WITH “STUDENT LOANS”
Why do people have such a love affair with savior government like this?
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