ICE COLD PISSY LAGER PRETTY MUCH SELLS ITSELF DUMB ASS!!!
WHAT KIND OF CATEGORICAL FUCKTARD INCOMPETENT MUST YOU BE TO FUCK UP A GIG AS EASY AS THIS ONE????
NYPost | In 2018, BlackRock CEO Larry Fink, who oversees assets worth $8.6 trillion and has been called the “face of ESG,” wrote a now-infamous letter to CEOs titled “A Sense of Purpose” that pushed a “new model of governance” in line with ESG values.
“Society is demanding that companies, both public and private, serve a social purpose,” Fink wrote. “To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society.”
Alissa Heinerscheid, Bud Light’s VP of Marketing, doubles down on her extreme woke strategy to promote the “declining” American beer brand to “young people”, while smearing her former customers as “fratty and out of touch”.
— Old Row (@OldRowOfficial) April 9, 2023
How’s that working out for you, lady? @budlight pic.twitter.com/zNYKbMnZnu
Fink also let it be known “that if a company doesn’t engage with the community and have a sense of purpose “it will ultimately lose the license to operate from key stakeholders.”
In December, Florida pulled $2 billion worth of state assets managed by BlackRock. “I think it’s undemocratic of major asset managers to use their power to influence societal outcomes,” Gov. Ron DeSantis said at the time.
Fink has denied that ESG is political, but key staff managing his ESG operations worked in the Obama administration and donate to Sens. Elizabeth Warren and Bernie Sanders.
In his first veto, President Joe Biden last month rejected a GOP-backed bill that sought to block ESG investing — especially in pension funds where, critics say, American retirement funds will be sacrificed to a radical left-wing agenda.
Protesters in Paris targeted BlackRock’s office there this week due to the company’s role in managing and privatizing pensions, which are at the heart of the French government’s recent retirement-age reforms.
ESG and CEI proponents say that adhering to socially conscious values when investing and managing a company will make the world a better place. Not everyone agrees.
Derek Kreifels is the co-founder and CEO of State Financial Officers Foundation, one of several financial officers fighting ESG on a national level.
He calls ESG itself a “highly subjective political score infiltrating all walks of life, forcing progressive policies on everyday Americans [and] resulting in higher prices at the pump and at the store.”
The Corporate Equality Index is an ominous cog in ESG’s wheel, Kreifels told The Post.
“The problem with measures like CEI, and its big brother ESG, is that it introduces an incentive structure outside of the bounds of business, often in ways contradictory to fiduciary duty,” Kreifels said. “Whether Anheuser-Busch was trying to cash in on Dylan Mulvaney’s TikTok following or chasing higher CEI ratings for inclusivity, the backlash has been significant, and the stockholders to whom the company is obligated will feel the pinch.”
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