The Trump Administration is going after public corporations for playing politics. After years of ideologues dominating everything from social media companies to investment banks, our government is now putting them under scrutiny.
The SEC is reviewing so called environmental, social, governance funds, which often participate in ideological activism as a form of “risk-management.” The Justice Department is on-board too, having recently proposed a substantial revision to the legal code that has protected social media companies since 1996.
Corporate leaders have responsibilities to their shareholders—namely: providing a reasonable return on their investment as stewards of their money. Corporate activists have been selling their politics under the guise of “risk management”—thus pushing corporations to the left with no consequences. There was a time when kowtowing to pet causes of the left seemed like it was a safe option. That certainly isn’t true anymore.Read More »