Not sure but this is a pickle for these companies, because on one hand investors are demanding it of board members of public ally held corporations, but this ban could mean losing DOD and military contracts worth billions of dollars. So, activist investors tanking the stock price in retribution or losing entire revenue streams...
Activist investors need to realize that the companies are required to turn a profit but there is no requirement to be "woke". If a revenue stream is compromised due to corporate policy those board members can be replaced and if enough other investors sue they can force the activist to divest.
Are investors demanding it? I see no signs of that. A lot of this is CYA - the board goes "Well, everyone else is doing, it, we better do it, too."
A lot of people give "investors" a lot of power they simply don't hold. Show me one case where investment sentiments reached into HR. I've never heard of that ever happening.
I would guarantee you, the decision to indulge in this sham is coming from CEOs and Board members, who don't want to be sued by BLM, or boycotted. Investors have no say in such matters. They can buy stock, or sell it, or not buy it.
The first companies who drop the SJW bullshit and just focus on their job are going to be the first ones to get those government contracts. The true believers who cling on will sink to the bottom.
Not sure but this is a pickle for these companies, because on one hand investors are demanding it of board members of public ally held corporations, but this ban could mean losing DOD and military contracts worth billions of dollars. So, activist investors tanking the stock price in retribution or losing entire revenue streams...
Activist investors need to realize that the companies are required to turn a profit but there is no requirement to be "woke". If a revenue stream is compromised due to corporate policy those board members can be replaced and if enough other investors sue they can force the activist to divest.
Are investors demanding it? I see no signs of that. A lot of this is CYA - the board goes "Well, everyone else is doing, it, we better do it, too."
A lot of people give "investors" a lot of power they simply don't hold. Show me one case where investment sentiments reached into HR. I've never heard of that ever happening.
I would guarantee you, the decision to indulge in this sham is coming from CEOs and Board members, who don't want to be sued by BLM, or boycotted. Investors have no say in such matters. They can buy stock, or sell it, or not buy it.
That isn’t true but I’m not going to doxx myself by providing additional detail. We’ll have to agree to disagree.
The first companies who drop the SJW bullshit and just focus on their job are going to be the first ones to get those government contracts. The true believers who cling on will sink to the bottom.