Entities that love to rhapsodize about the purity of the free market are often aghast when markets deliver a response they don’t like. Here we have the Wall Street Journal displaying its bias with the slanted language in the headline for this story: “Shareholder Activists Drag Companies Into U.S. Culture Wars.” Let us point out…
Tag: wsj
We Give an F to The WSJ’s Grades for “Woke” Proxy Votes
The Wall Street Journal’s hysterical pearl-clutching about ESG is getting to the point of derangement. The one thing we thought we could count on them for was, well, counting, but real math would not make their point, so they’re touting a disgracefully skewed report. The bias is evident in the Journal’s language. “Strangling” fossil fuels?…
WSJ Gets Duped on Fake News ESG “Study”
The Wall Street Journal was either duped or disingenuous in an op-ed from Vivek Ramaswamy (author of anti-ESG book Woke, Inc.) and Riley Moore (Treasurer of coal-economy West Virginia) about a study giving bad grades to pension funds and fund managers for supporting the proxy contest at ExxonMobil in 2021. See below: Insight ESG Energy is…
How to Increase the Number of Black Board Members – WSJ
Nearly two-thirds of companies in the Russell 3000 index lacked a Black director in 2020, according to data analyzed by Institutional Shareholder Services, a proxy adviser. The year before, about 70% didn’t have one. But the recent clamor for greater racial justice and increased investor pressure has convinced many U.S. businesses they need to reshape…
A Reminder for CEOs Considering a Shift in Focus: Shareholders Are Still King – WSJ
VEA Vice Chair Nell Minow is quoted by John Stoll in this WSJ article about the BRT’s new “stakeholder” statement. Now, even as investor interests are increasingly cast as the root of many social problems, I offer this word of encouragement to shareholders: You may be unpopular, but you are still king. How do I…
SEC Chief Calls for New Rules on Corporate Board Elections – WSJ
Securities and Exchange Commission Chairman Mary Jo White, speaking in Chicago, said the SEC is developing rules for what is known as a “universal ballot,” which would allow shareholders to receive a single voting form in contested corporate elections, rather than one from each side. The move aligns Ms. White more closely with activists and…
How Much the Best-Performing and Worst-Performing CEOs Got Paid – WSJ
Broadly speaking, CEOs did well when their investors did. All 10 of the CEOs posting the best shareholder returns were paid more than they had been a year earlier, and all but two of the 10 worst performers got pay cuts. The results come as pressure from investors has prompted companies to tie a greater…
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