Lefty investment firms doom corporate USA, Bud Light
Major investment firms like BlackRock, Vanguard and State Street are pressuring companies to embrace woke politics in order to maximize profits, according to former Anheuser-Busch executive Anson Frericks. In an appearance on Fox News’ “Jesse Watters Primetime,” Frericks said that these firms, which manage around $20 trillion in capital, are promoting agenda politics pushed by progressive lawmakers who oversee government pension funds that the companies profit from. Companies have come under fire from conservative customers for promoting controversial agendas, such as the ill-fated Bud Light promotion with transgender influencer Dylan Mulvaney. Frericks said that these firms are then forcing their ESG – diversity, equity, and inclusion – commitments onto all major companies in corporate America. Frericks, who left his job at Anheuser-Busch in part because of such practices, criticized the way much of corporate America was acting in terms of defying public sentiment when engaging in politics.
FAQs:
What are BlackRock, Vanguard, and State Street?
BlackRock, Vanguard, and State Street are major investment firms that manage around $20 trillion in capital. They use their clout to promote agenda politics being pushed on them by progressive lawmakers overseeing government pension funds.
What are ESG commitments?
ESG stands for “environmental, social, and governance.” ESG commitments refer to a company’s efforts to address environmental, social, and governance factors that can impact its performance and reputation.
Why have some companies come under fire from conservative customers?
According to former Anheuser-Busch executive Anson Frericks, investment firms like BlackRock, Vanguard, and State Street are pressuring companies to embrace woke politics in order to maximize profits. As a result, some companies have promoted controversial agendas that have sparked boycotts from conservative customers.
How Leftist investment firms are endangering Corporate America, Bud Light
Left-leaning investment firms like BlackRock and Vanguard are pressuring companies like Anheuser-Busch and Target to adopt so-called woke governance, resulting in controversial decisions and nationwide boycotts from conservative customers. This is according to former Anheuser-Busch executive Anson Frericks, who appeared on Fox News’ “Jesse Watters Primetime” to discuss the issue. Frericks claimed that firms like BlackRock, Vanguard, and State Street, which manage about $20 trillion in capital, are promoting agenda politics that progressive lawmakers are pushing on them. These companies profit from government pension funds, some of which are managed by these same progressive lawmakers. Frericks also cited California’s mandate that large pension funds divest from fossil fuels and oil and gas and instead invest in ESG (environmental, social, and governance) initiatives like diversity, equity, and inclusion. Companies like BlackRock, State Street, and Vanguard are then forced to adopt these same commitments and promote them to their clients, forcing them onto major companies in corporate America. Frericks left Anheuser-Busch in part because of the company’s engagement in controversial politics. He pointed to the recent outrage from Atlanta-based companies Coca-Cola and Delta Airlines after Georgia passed election integrity laws, as an example.