Woke Corporate Governance Often Stems From Involved Investment Firms

 

AF Branco 

Former Anheuser-Busch Exec (resistthemainstream.com)  "A former Anheuser-Busch executive blames a handful of hedge funds for divisive corporate policies that cost his former employer billions.

"Anson Frericks remarked during a Friday interview with Fox News host Jesse Watters that many social governance policies emanate from money managers. Frericks noted BlackRock and Vanguard as examples.

"Corporate advocacy of LGBTQ agendas has fomented boycotts that cost Anheuser-Busch more than $15 billion. Stocks of retailers like Target and Kohl’s have recently tanked after social media amplified their LGBTQ support.

"Fox News further reported:

Woke corporate governance, which recently led to the fiscal hemorrhaging of Anheuser-Busch and Target, often begins with investment firms pressuring them to behave in certain ways, a former executive at the beer conglomerate said.