Strive ... Anti-Woke capitalism

[SassyLady]

https://www.zerohedge.com/political/...krock-activism

Revenge Of The Based: Thiel-Backed Fund To Take On 'Woke' Blackrock Activism

BY TYLER DURDEN
TUESDAY, MAY 10, 2022 - 12:30 PM

A new financial firm backed by Peter Thiel and Bill Ackman aims to take the 'woke' out of corporate America - and is taking aim at BlackRock's push for 'stakeholder capitalism' ESG purity tests with several new funds that instead promote "Excellence Capitalism."

Vivek Ramaswamy, author of "Woke, Inc," has raised $20 million to launch "Strive Asset Management," an activist fund which will urge companies to drop unprofitable social justice issues pushed by BlackRock, Vanguard and State Street, which Ramaswamy refers to as the "ideological cartel."
The firm seeks to 'restore the voices of everyday citizens in the American economy by leading companies to focus on excellence over politics.'

Strive aims to solve a fiduciary problem created by the three largest U.S. asset managers — BlackRock, Vanguard and State Street — which control over $20 trillion in assets, exceeding the total U.S. gross domestic product. These "Big 3" firms bear a fiduciary duty to advance the best interests of their clients. Yet in the name of "stakeholder capitalism," they use their clients’ funds to exercise decisive influence over nearly every U.S. public company to advance political ideologies that many of their clients disagree with. They engage in coordinated efforts to enact a uniform social agenda across corporate America resulting in higher gas prices and other consumer harms, which Arizona Attorney General Mark Brnovich recently called "the biggest antitrust violation in history." -Business Wire

[Tyr-Ziu Saxnot]

https://www.zerohedge.com/political/...krock-activism

A sign that the globalists are racing forward with their agenda. A definite and, tragic and ominous future awaits us methinks.

[SassyLady]

A sign that the globalists are racing forward with their agenda. A definite and, tragic and ominous future awaits us methinks.

Strive is trying to combat the woke companies and their climate change policies used to promote globalism.

[fj1200]

$20 million isn't going to have an impact.

[SassyLady]

$20 million isn't going to have an impact.

My God you are such a pessimist.

It's a beginning which is better than just sitting on your arse.

[fj1200]

My God you are such a pessimist.

It's a beginning which is better than just sitting on your arse.

I'm a realist. They'd be better off just investing the money in companies that do not push "unprofitable social justice issues" and earn superior returns.

[Black Diamond]

My God you are such a pessimist.

It's a beginning which is better than just sitting on your arse.

It's a daunting task. Journey begins with 3 steps....