Monday, August 12, 2019

Corporate Stupidity: Shareholder activists driving liberal shift of American business

A corporation is created to provide a product or service at a profit and increase stockholder equity. 
If the focus becomes political instead of financial, it's no longer a corporation.  They might as well consider themselves a non-profit.
Free Beacon reports American businesses are adopting increasingly liberal policies and public stances due to pressure from progressive activists within corporate America, rather than social media outrage cycle, according to corporate watchdogs.

The practice of marshaling a minority of stakeholders in a company to advance a political cause is often referred to as "shareholder activism," and the tactic has proven effective in the 21st century. Shareholders of publicly-traded corporations push for reforms aimed at achieving political, rather than business, ends. The results can be seen in major American companies publicly backing liberal positions on major culture war issues, from the "racism" of the American flag, to transgender bathrooms, and pro-life legislation.

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