Larry Fink, the CEO of the woke investment firm Blackrock, thinks he is saving the world and preventing climate change by shaking down American fossil fuel companies – conveniently while raking in money from the world’s biggest polluter, China.
Is the Great Reset a conspiracy theory imagining a vast left-wing plot to establish a totalitarian one-world government? No. Despite the fact that some people may have spun conspiracy theories based on it—with some reason, as we will see—the Great Reset is real.
The revolving door between Washington and Wall Street always stirs passionate objections from progressive good-governance groups — except, it appears, when it involves corporate wokeism.
Recent pronouncements by Larry Fink, the CEO of BlackRock, have demonstrated that the ESG push is hopelessly and irretrievably conflicted in ways that conservatives and libertarians must fight.
Last week, Exxon Mobil, one of the world’s largest publicly traded international oil and gas companies, lost a critical board fight with Engine No.1, a “woke” small investor group. The win was predictably spun by the mainstream media as a David vs. Goliath story as well as a milestone moment for a new type of altruistic Environmental, Social and Governance investor. The truth, however, is more cynical than heroic. Among other things, this is a story of how a billionaire like Larry Fink, a true Wolf of Wall Street, uses other people’s money to simultaneously camouflage his checkered past and help promote himself as an elder statesman of the markets, a beneficent oligarch with a penchant for saving the planet.
Keith Sirios, President and Chief Executive Officer of Capital Management HPP, Inc. and former President and CEO of Checkers Restaurants suggests that “stakeholder capitalism” and Corporate Social Responsibility programs aren’t what they claim to be.
