Monday, August 15, 2022

Vivek Ramaswamy Finds Leverage

Quote from the James Taranto interview with Vivek Ramaswamy (author of Woke, Inc.: Inside Corporate America's Social Justice Scam) in the August 13-14, 2022 copy of The Wall Street Journal:

Thus, he says Strive might introduce or support a resolution stating: "All current and future investments shall be evaluated exclusively through the lens of financially measurable return on investment." A "no" vote from an ostensibly apolitical investment firm would amount to a disavowal of its fiduciary duty to its clients. But if the resolution passes, Mr. Ramaswamy says, it would "govern over any other prior shareholder resolution" and thereby direct management to pursue profit regardless of political objectives.

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