It's not okay to be white
(i.ibb.co)
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All the public companies are preparing their ESG statements to suck up to Blackrock. They feel compelled to do it or they get a bad ESG score and could lose share value.
Since the majority of CEOs are hired/elected/fired by Board members, who in turn represent committees of limited partners and investors, it's the ultimate example of group think poisoning the well. The only CEOs that have the nads to stand up to the cultural bully that is Blackrock are those with majority stakes in their companies... and they are quietly excised from the news cycle so no one knows how they are doing in their resistance.
There's something relevant to know: Last year, California's legislators passed a law requiring all corporations to have a certain number of LGBTQ or minority (read BLACK) board members! After they did that, major corporations started moving out of state, like AMD to Texas and Tesla out too. Calif pols are just plain insane. (Other corporations started having powerless token black women on the board, paid to be there and shut up. It amounts to equal opportunity board members. This sickens me.)