ESG
Business & Economics
Read the latest about green investment mandates
Is CalPERS Still A Responsible Fiduciary?
Addressing global climate change is difficult and costly. Success requires an environment that encourages many ideas and experiments to flourish. Mandates from CalPERS undermines such an environment to the detriment of investors, the economy, and the environment. Read the full article at Forbes.com
Blog
Read about latest costly green mandate
New Climate Disclosure Laws Will Hurt Business, Won’t Help Planet
When author and journalist Tom Wolfe coined the term “statusphere” – in which participants compete for prestige within a groupthink bubble – he didn’t have the California Legislature of the 21st century in mind. But he could have. In California, it’s routine for lawmakers to pass bills that have little ...
Blog
Read latest about state pension problem
ESG and CalPERS Sub-par Investment Returns
CalPERS has one core social responsibility – maximizing returns to help secure the retirement of millions of current and future pensioners. The pension fund is also a major proponent of Environmental, Social, and Governance (ESG) investing. CalPERS claims that ESG “disclosures provide important metrics to understand how a company’s practices ...
Business & Economics
You Will Own Nothing
WATCH: PRI’s webinar with bestselling author Carol Roth
Watch PRI’s webinar with New York Times bestselling author Carol Roth, discussing her new book, You Will Own Nothing, in conversation with PRI senior fellow in business and economics Dr. Wayne Winegarden.
Business & Economics
Paul Atkins – ESG Investing: Doing well and doing good? Or not?
Our guest this week is Paul Atkins, CEO of Potomak Partners, a financial services consulting firm in Washington, DC. Paul was also a commissioner at the U.S. Securities and Exchange Commission from 2002 to 2008. We discuss with Paul ESG – environmental, social, and governance – investing and its negative ...
Business & Economics
Stephen Soukup – The Dictatorship of Woke Capital
Stephen Soukup joins us this week to discuss the newly released paperback edition of his book The Dictatorship of Woke Capital, which explores how Wall Street and corporate investing has gone woke on issues like ESG. We discuss the evolution of American business and the economic philosophies that shaped the ...
Business & Economics
Read the latest on ESG
There The SEC Goes Again
President Biden’s Securities and Exchange Commission (SEC) is increasingly becoming an advocate for Environmental, Social, and Governance (ESG) activists to the detriment of its core mission. In its latest iteration, the SEC is using its enforcement discretion to roll back recent reforms to rule 14a-8. These changes make it more ...
Business & Economics
Empowering Shareholders Will Help Reduce Proxy Advisory Firm’s Undue Influence
Titans of Wall Street have become vocal advocates for environmental, social, and governance (ESG) investing – including leaders of the world’s largest asset managers, banks, and other financial institutions. Less well known proponents, but perhaps even more influential, are the proxy advisory firms ISS and Glass Lewis, who control 97 percent of ...
Business & Economics
Activist Investors Are Putting Ideology Before Shareholder Value
Under the leadership of Gary Gensler, the Securities and Exchange Commission (SEC) is empowering activist investors to pursue their preferred politics and social causes at the expense of investors’ interests. According to a November 3, 2021 SEC staff memo Staff will no longer focus on determining the nexus between a policy issue ...
Business & Economics
Governor Newsom’s ESG Errors
California Gov. Gavin Newsom this week released a lengthy commentary defending so-called ESG investing, which he wrote has “proven results.” His defense requires fact checking and context. Environmental, Social and Governance (ESG) is the latest investing trend that claims investors can earn higher returns while also “doing good” on important social issues ...
Read the latest about green investment mandates
Is CalPERS Still A Responsible Fiduciary?
Addressing global climate change is difficult and costly. Success requires an environment that encourages many ideas and experiments to flourish. Mandates from CalPERS undermines such an environment to the detriment of investors, the economy, and the environment. Read the full article at Forbes.com
Read about latest costly green mandate
New Climate Disclosure Laws Will Hurt Business, Won’t Help Planet
When author and journalist Tom Wolfe coined the term “statusphere” – in which participants compete for prestige within a groupthink bubble – he didn’t have the California Legislature of the 21st century in mind. But he could have. In California, it’s routine for lawmakers to pass bills that have little ...
Read latest about state pension problem
ESG and CalPERS Sub-par Investment Returns
CalPERS has one core social responsibility – maximizing returns to help secure the retirement of millions of current and future pensioners. The pension fund is also a major proponent of Environmental, Social, and Governance (ESG) investing. CalPERS claims that ESG “disclosures provide important metrics to understand how a company’s practices ...
You Will Own Nothing
WATCH: PRI’s webinar with bestselling author Carol Roth
Watch PRI’s webinar with New York Times bestselling author Carol Roth, discussing her new book, You Will Own Nothing, in conversation with PRI senior fellow in business and economics Dr. Wayne Winegarden.
Paul Atkins – ESG Investing: Doing well and doing good? Or not?
Our guest this week is Paul Atkins, CEO of Potomak Partners, a financial services consulting firm in Washington, DC. Paul was also a commissioner at the U.S. Securities and Exchange Commission from 2002 to 2008. We discuss with Paul ESG – environmental, social, and governance – investing and its negative ...
Stephen Soukup – The Dictatorship of Woke Capital
Stephen Soukup joins us this week to discuss the newly released paperback edition of his book The Dictatorship of Woke Capital, which explores how Wall Street and corporate investing has gone woke on issues like ESG. We discuss the evolution of American business and the economic philosophies that shaped the ...
Read the latest on ESG
There The SEC Goes Again
President Biden’s Securities and Exchange Commission (SEC) is increasingly becoming an advocate for Environmental, Social, and Governance (ESG) activists to the detriment of its core mission. In its latest iteration, the SEC is using its enforcement discretion to roll back recent reforms to rule 14a-8. These changes make it more ...
Empowering Shareholders Will Help Reduce Proxy Advisory Firm’s Undue Influence
Titans of Wall Street have become vocal advocates for environmental, social, and governance (ESG) investing – including leaders of the world’s largest asset managers, banks, and other financial institutions. Less well known proponents, but perhaps even more influential, are the proxy advisory firms ISS and Glass Lewis, who control 97 percent of ...
Activist Investors Are Putting Ideology Before Shareholder Value
Under the leadership of Gary Gensler, the Securities and Exchange Commission (SEC) is empowering activist investors to pursue their preferred politics and social causes at the expense of investors’ interests. According to a November 3, 2021 SEC staff memo Staff will no longer focus on determining the nexus between a policy issue ...
Governor Newsom’s ESG Errors
California Gov. Gavin Newsom this week released a lengthy commentary defending so-called ESG investing, which he wrote has “proven results.” His defense requires fact checking and context. Environmental, Social and Governance (ESG) is the latest investing trend that claims investors can earn higher returns while also “doing good” on important social issues ...
