Free Republic 2nd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $69,812
86%  
Woo hoo!! And we're now over 86%!! Thank you all very much!! God bless.

Keyword: esgfunds

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  • Federal Judge Blasts DEI and BlackRock's 'Incestuous' Relationship in New Ruling

    01/18/2025 12:46:32 PM PST · by george76 · 9 replies
    Western Journal ^ | January 18, 2025 | Ben Zeisloft
    A federal judge in Texas ruled against American Airlines after the company centered employee retirement plans on environmental, social, and governance factors, also known as ESG. U.S. District Judge Reed O’Connor concluded on Jan. 10 that American Airlines failed to exercise its fiduciary duty to make investment decisions for retirement accounts based on the best interests of the beneficiaries, according to a report from Reuters. O’Connor added that American Airlines had inappropriate ties to BlackRock, the asset management behemoth which has long been a leading advocate for the ESG investing movement. ... The evidence made clear that [American’s] incestuous relationship...
  • American Airlines Mismanaged Employees’ Retirement Funds by Investing in ESG, Court Rules

    01/13/2025 12:49:12 PM PST · by E. Pluribus Unum · 16 replies
    The Epoch Times ^ | January 13, 2025 | Naveen Athrappully
    ESG investments tend to underperform traditional funds by approximately 10 percent, the judge observed.A district court has ruled that American Airlines failed to prioritize the financial interests of its employees’ retirement funds by enabling fund managers to pursue environmental, social, and governance (ESG) investments.The judgment came as part of a 2023 lawsuit filed against American Airlines and the company’s Employee Benefits Committee. The class action alleges that the defendants violated their duty of loyalty under the Employee Retirement Income Security Act, which states that fiduciaries managing retirement investments must act in the best financial interest of the participants.The defendants are...