When a company loses $20 billion and — adding insult to injury — makes no meaningful adjustment to CEO “incentive” compensation, then shareholder support for regime change is entirely justified as the essence of a capitalistic market response. But, just as with the fake CRT and “grooming” claims, this is not about policy or capitalism or truth; it is about bombast, “virtue signaling,” and misdirection.
Former Vice President Mike Pence criticized investor-activist campaigns to force companies such as Exxon Mobil Corp. to follow socially conscious investing principles, saying they elevate left-wing goals over the interests of businesses and their employees.
Pence rips ESG investing as injecting left-wing politics into business – Los Angeles Times