A Tyranny for the Good of its Victims by Andrew F. Pudzer (.ePUB)
File Size: 2 MB
A Tyranny for the Good of its Victims: The Ugly Truth about Stakeholder Capitalism by Andrew F. Pudzer
Requirements: .ePUB reader, 2 MB
Overview: Former CEO of CKE Restaurants, Inc. Andrew F. Puzder exposes how the secretive consolidation of financial power under the guise of “ESG” represents a new collectivist threat to the free market.
Over the last thirty-five years, asset manager mega-giants BlackRock, State Street, and Vanguard have accumulated unprecedented levels of stock ownership in virtually every major US company. Voting the shares they hold for clients allows these companies to force their own “environmental, social, and governance” or “ESG” agenda on the American corporate sector and, by extension, on all of us.
An asset manager’s traditional duty is to maximize returns for its investors, but these financial elites expand their duties through “stakeholder capitalism,” the idea that a company is responsible not only for its actual shareholders, but for everyone who is affected by the company—which translates to everyone in the community. Thus, they can impose their preferred ESG goals under the guise of benefitting an amorphous group of non-investors—a group that has no say over whether ESG goals actually “benefit” them.
Genre: Non-Fiction > General
Free Download links: