They certainly aren't changing how the big players roll

https://www.msn.com/en-us/mone...48ff81ab16bbef4820e9

And how much is complying with activist investors costing folks?

Personally, I am of the opinion that businesses should be run for profit and not for politics. On both sides.

I'm sure you would let us in on it if you knew.

quote:

Originally posted by crbutler:
And how much is complying with activist investors costing folks?

Personally, I am of the opinion that businesses should be run for profit and not for politics. On both sides.

I disagree. If a company through its investors wants to run its business with a social view point, that is the purview of that private company. I draw the line at Federally protected classes for purposes of discrimination.

If it is a fully private company, and its stockholders agree, that's one thing.

If you have an outfit like blackrock owning a bunch of it (and my 503b plan has a bunch of blackrock funds in it, no real choice there) then Blackrock as an institutional investor should not be pushing this.

If I have a choice, I hold shares in companies that are being run to optimize my return, not pursue politics.

quote:

Originally posted by LHeym500:

quote:

Originally posted by crbutler:
And how much is complying with activist investors costing folks?

Personally, I am of the opinion that businesses should be run for profit and not for politics. On both sides.

I disagree. If a company through its investors wants to run its business with a social view point, that is the purview of that private company. I draw the line at Federally protected classes for purposes of discrimination.

Several states have pulled funds from Blackrock for their push to invest based on ESG. ESG funds have under performed other like funds according to studies. I think the banks are caught in the middle with having to "conform" to this governments push for ESG to avoid repercussions for not pursuing ESG policies.

quote:

I disagree. If a company through its investors wants to run its business with a social view point, that is the purview of that private company.

And when a bank refuses to process a firearm purchase for you,
or worse retracts the funds from the seller after bthe purchase
(essentially making you a thief)
are these actions ok by you as well?
(BTW-both types of occurence have been documented to have truly happened)

There is no federal law making that illegal. Bank somewhere else.

All for it.

Or the last Republican Majority could have passed a law making that illegal. As usual they did nothing with their filibuster proof majority and R President. I would support such a bill.