Tag Archives: Shareholder

Jerry Bowyer: A Challenge to the Progressive Partisans in the World of Finance

The Trump Administration is proposing two major actions to add political balance to the stock market environment.

First, labor secretary Eugene Scalia is reforming pensions—looking at what are called “Environmental Social Governance Funds.” They purport to be about better investing, but in reality they are a clever way to advance a progressive ideology. Secretary Scalia wants to refocus pension funds so that they actually fund pensions—and not pander to climate change activists.

Second, the SEC is going after shareholder advisory services—where annual meetings include opaque votes on issues shareholders know nothing about. The bias—no surprise—is to the left. Now they’ll be required to disclose their recommendations to public companies and publicize the companies’ responses.

The new rules are a serious challenge to the dominance of progressive partisans in the world of finance.

It’s a welcome pushback from the Trump administration all Americans ought to support.

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Jerry Bowyer: Big Tech Companies Are in Denial

Tech companies are in denial about the risks associated with political bias. They repeatedly feign ignorance before congressional committees and pretend to have no idea what shareholders are talking about when the issue is brought up at annual meetings. I know this from personal experience.

These executives are typically dismissive as though the issue isn’t even worth a discussion.

Well, maybe they’d better listen to the president of the company which in many ways built the modern information economy: Microsoft and their current CEO—Brad Smith. He recently told Neil Cavuto that “we in the tech sector need to step up” when it comes to inclusion of different political views.

So: the denial phase is over.

Microsoft is too big to be written off.

Silicon Valley has a thumb on the scale when it comes to conservatives. It’s up to them to restore our confidence.

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