Posted on 05/26/2024 9:57:33 PM PDT by george76
>> A district judge has granted a pilot’s request for a class-action lawsuit against American Airlines for allegedly investing pension funds into environmental, social, and governance (ESG) funds.
Very cool. We need to see a lot more of this.
Yes
“Very cool. We need to see a lot more of this.”
ABSOLUTELY. And I hope that those who went with this ESG DEI crap are sued to starvation when it ends. They had CLEAR RULES to abide by, with that being essentially the following: “Do whatever is legally permissible to increase Shareholder Value.”
Loading up their companies with DEIs was about as far as possible that one can get from the above directive and they need to have their asses sued off of them, now.
>> They had CLEAR RULES to abide by, with that being essentially the following: “Do whatever is legally permissible to increase Shareholder Value.”
Absolutely. That the corporate mandate to increase shareholder value in simple dollar terms could somehow be morphed into “shareholder value also includes assuaging progressive conscience” is yet another manifestation of progressive “truth is a construct” doctrine.
In other words, ESG’s danger is far more insidious and damaging than its obvious effect on investment returns — yet fighting via lawsuit the deleterious effect on investment returns is EXACTLY the best tactic available right now.
American Airlines: Give that judge and the lawyers seats next to the side exit doors on every flight.
And continue with the military’s testing of the new ejector seats for them. I feel so patriotic.
I made sure to copy the link to the filing and sent it to my HR/401K committee to get better choices for my retirement plan.
Everyone should insist that their employer take their fiduciary responsibility seriously.
📌👁️
Good.
IIRC, in the UK, the pensions are heavily invested in green energy and other ESG garbage which is why they are pushing for its success.
Excellent! It would be nice to see BlackRock’s CEO, Larry Fink, taken down a peg.
Love your profile!
“We the People have natural rights given to us from God and only God, not Man. These natural rights must be cherished and protected. They are not gifts from our government(s) to us. Therefore, these natural rights cannot be taken from us by our government(s).”
WELL SAID. Amen!
VERY VERY COOL.
this needs to go viral. it’s time for some pushback BIG-TIME.
VERY VERY COOL.
this needs to go viral. it’s time for some pushback BIG-TIME.
Good
No different than gangsters getting loans from unions for their casinos.
Five or more years ago, the wizards of Leftist smarts decided to change the way they invested the California Public Employees in Retirement System (CalPers). This is a massive system. They started divesting from the hydrocarbon industry, and sought more politically correct methods. Once someone with power found out, it was quickly corrected. No matter what a Leftist may say in public, they know how the world works.
And when it comes to money, their credo is "what's mine is mine, and what's yours is negotiable."
Always excited with ESG & DEI anything. Suddenly Karine Jean-Pierre came to mind. /sacr
Yep - the absolute AUDACITY of gambling people’s retirement money for YOUR political agenda!!!!!!
There needs to be consequences. Loss of license if there is one, confiscation of THEIR money/property to give back to their victims and very public trials with punishment.
Excellent news.
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