Just another way for them to get their grubby hands on OTHER PEOPLE’S MONEY.
It’s all the rage now. GIBS-ME-DAT money!
Those funds were taken from the taxpayer to begin with. It’s an issue for all of us.
once their investments lose big money this will change in a hurry
From my research, esg investments tend to lose money:
On a one-year basis, 63% of global ESG products underperformed. This reflects the overall
underperformance of growth products, as 73% of these investments underperformed the index.
Jan 17, 2023
get woke, go broke, morons.
“Our money, our choice,” until the pension investors mismanage the investment with ESG stocks and the taxpayers get stuck with bailing them out, because, heaven forbid, we can’t let anyone face the consequences of their actions.
I discovered last week that my retirement fund had investments in SVB. It was not a lot, only .03% of its investments. But, that makes me wonder where else those funds are invested and exactly at what level my benefits are at risk from the ESG nonsense. That sounds paranoid, but given the “wokeness” of every institution, I wouldn’t be surprised someday to suddenly learn the entire fund had just become insolvent.
Good - maybe they’ll go broke and starve and municipalities will stop showering lavish pensions on useless unionoid trash.
Sick of seeing people driving AMGs because they sat their fat asses in a suburban firehouse for 20 years.
How about forbidding any considerations that don't go directly to the fiduciary duty to maximize the investor's return.
What unions worry? Joe’s got their back.
Well, the firefighters don't deserve that.
Unless they voted the way most teachers do.