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…

GOP Pushes to Outlaw Divestment

Once again, we see those who love to rhapsodize about the purity of the free markets working to disrupt and distort the free market with subsidies. Donald Shaw of The Lever reports on political initiatives to make divestment of fossil fuel companies illegal. Republican state and federal lawmakers, their campaign coffers filled with fossil fuel…