Small Businesses Avoid Mistakes Made By Woke Corporations
Small Businesses Avoid Mistakes Made By Woke Corporations.
The purpose of a corporation is to seek profits, not popularity
The purpose of a corporation is to seek profits, not popularity. But corporate managers are increasingly under immense socio-political pressure to take stances on controversial issues or commit corporate resources for symbolic effect. For example, so-called “investments” in ESG categories (an acronym standing for environmental, social justice or sustainability and governance issues), put a shine on corporate activity but often have little benefit to shareholders. And they often do not even help much the causes to which those diversions of firm capital are directed.
Have ESG Corporations Declared War on their Employees?
The Shareholder Equity Alliance shows that corporations the most committed to (environmental, social, and governance) standards also have fewer employees.