from at least one activist investor, who’s calling the CEO’s embrace of ESG “hypocrisy”.
The coming weeks and months will be a difficult time for those of us who still believe that the world is a better place when companies are held to higher standards than shareholder returns.is planning for an imminent recession, and the pressure to cut costs—coupled with the growing anti-ESG criticism—will test whether leaders continue promoting their newfound values. Look for CEOs to set a new, austerity-first tone at their annual World Economic Forum confab in Davos, which begins on January 16.
Also coming soon: Larry Fink’s annual letter to CEOs, in which he’s likely to take stock of how ESG—and this new form of kinder, gentler capitalism—has fared in the half-decade since his seminal 2018 missive. Even for a true-believer, I’ll admit, it’s hard not to be a bit skeptical of all the CEO talk at this point. In 2022, we saw many big multinational companies raise prices at the highest rates in decades while sporadically laying off workers and fighting off unionization movements. Meanwhile, any shares we held in
Adam Aaron trying to milk APES for more money.
Shout out to the DB that was able to write this article without having any care in the world for their reputation. I was offered $1,000,000 i still wouldn't allow my name to be attached to this garbage publication.
Yes. Continue to posture from a position that turns away customers at the demands of people that do not actually buy your products / services. Help cultivate alternate economic pathways and fade into nothingness. Please do this.
Not a leader. Not an APE based on his actions.
Nonsense. Business leaders need to ignore wokeness.
So you are saying that if it is not woke, it is wrong? Woke = right and anti-woke = wrong? I thought woke meant more open minded. This, however, is extremist and narrow minded.