Companies that exited Russia after its invasion of Ukraine are being rewarded with outsize stock-market returns, Yale study finds — and those that stayed are not – MarketWatch

The almost 1,000 companies that have opted to pull out of Russia following its unprovoked invasion of Ukraine are not just benefiting from a reputational boost. They are also being rewarded by financial markets, while those who remain behind are being punished.That’s according to a new report from Yale Professor Jeffrey Sonnenfeld and his research…

Thousands of Salesforce Employees Urge Brass to Cut Ties With NRA | Corporate Counsel

Salesforce employees have asked executives to cease the San Francisco-based software company’s working relationship with the National Rifle Association, after an elementary school shooting in Uvalde, Texas, killed at least 19 children and two teachers this week.Less than two weeks earlier, a gunman killed 10 Black people in a Buffalo, New York, supermarket in what authorities have…

Elon Musk Lashes Out After Tesla Dropped From ‘Social Good’ S&P ESG Index

Elon Musk lashed out on Wednesday on Twitter—the social media platform he has perhaps pretended he will buy—to complain that Tesla has been dropped from a stock market index that includes companies committed to the environment, social concerns like diversity, and corporate governance. “ESG is an outrageous scam!” Musk said, referring to the acronym that…

Abortion Debate Puts Corporate Initiatives in the Spotlight – WSJ

VEA Vice Chair Nell Minow is quoted in a WSJ story about pressure on corporations to respond to a potential SCOTUS ruling on abortion rights, following a leak of a draft opinion overturning Roe v. Wade. “Corporates are in the crosshairs here; it’s very difficult and they have to navigate this very carefully,” said Nell…

Caterpillar Endorses As You Sow Climate Proposal

Caterpillar has recommended a vote in favor of the shareholder proposal on climate disclosures submitted by As You Sow. Resolved: Shareholders request that Caterpillar issue a report within a year, and annually thereafter, at reasonable expense and excluding confidential information, disclosing interim and long term greenhouse gas targets aligned with the Paris Agreement’s goal of maintaining…