ESG, stakeholder capitalism, sustainability, equity – whatever the label, in each case, the fact on the ground is a corporation taking a left-wing political or social position and claiming that the move will be good for the corporation’s bottom line.
That second part is crucial because if a company were to take a partisan position that hurt the bottom line, the responsible directors and executives would have violated their fiduciary duty, which could bring shareholder lawsuits that might result in personal losses for the executives – or at very least distinctly compromise their continued tenure at the company.
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