The intersection of Government with corporations is an element of fascism.
Alex Lekas
2 months ago
This is what happens when people who have rarely, if ever, worked outside of govt try to dictate the workings of business. The point of a company is to provide goods and services that people value at prices that consumers are willing to pay. That’s it.
The CEO’s or board’s stance on whatever issue of the moment carries headlines is immaterial. If anything, it is counter-productive as adopting any political stance almost by definition means alienating half the workforce and customer base.
Santiago Excilio
2 months ago
I certainly hope it does kill it. ESG is yet another completely unevidenced piece of wishful thinking. Larry Fink, CEO of Blackrock and personally responsible for its ESG policies has stopped using the word, he has yet to alter his policies though. Maybe when he loses enough money he will. Pretty much all ESG funds have failed to deliver decent financial returns relative to non ESG ones. Moreover, the majority of companies in those funds have not seen any improvement in their ESG scores. A double whammy.
Douglas Redmayne
2 months ago
Perhaps Kotkin, they should put the money into artificial intelligence stocks such as Nividia, Tesla and microsoft as AGI may well en up automating everything.
John Robertson
1 month ago
ESG investments in the UK are on the slide too, whether it dissapears completely? Its been an effective tool for the UN, EU etc to exert some control over the markets.
Pedro the Exile
1 month ago
Where’s Mark Carney when you need him-the proponent of “stranded assets”-yeah!!!!
The intersection of Government with corporations is an element of fascism.
This is what happens when people who have rarely, if ever, worked outside of govt try to dictate the workings of business. The point of a company is to provide goods and services that people value at prices that consumers are willing to pay. That’s it.
The CEO’s or board’s stance on whatever issue of the moment carries headlines is immaterial. If anything, it is counter-productive as adopting any political stance almost by definition means alienating half the workforce and customer base.
I certainly hope it does kill it. ESG is yet another completely unevidenced piece of wishful thinking. Larry Fink, CEO of Blackrock and personally responsible for its ESG policies has stopped using the word, he has yet to alter his policies though. Maybe when he loses enough money he will. Pretty much all ESG funds have failed to deliver decent financial returns relative to non ESG ones. Moreover, the majority of companies in those funds have not seen any improvement in their ESG scores. A double whammy.
Perhaps Kotkin, they should put the money into artificial intelligence stocks such as Nividia, Tesla and microsoft as AGI may well en up automating everything.
ESG investments in the UK are on the slide too, whether it dissapears completely? Its been an effective tool for the UN, EU etc to exert some control over the markets.
Where’s Mark Carney when you need him-the proponent of “stranded assets”-yeah!!!!