CEOs and managers were encouraged to sign on to a long list of climate-change and diversity, equity, and inclusion (DEI) policies with the promise that doing so would make them popular, less likely to be scrutinized by regulators, and generally lower the reputational risk to their firms. The recent vote in Congress is dramatic evidence that those promises have not been delivered.
Protecting Pensions from Politics - Competitive Enterprise Institute
Congress recently voted to protect pensions from politicized mismanagement and ESG fads, but President Biden has announced that he will be vetoing the measure. I recently wrote about this for National Review’s Capital Matters section, and that article laid out a bit of background of the issue: In the mid-20th century, there were widespread worries […]
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