(05-23-2023, 12:17 AM)p_rushing Wrote:

(05-22-2023, 09:40 AM)flsprtsgod Wrote: There is absolutely no market for the product that justifies the over the top marketing efforts to sell them. If I were a board member someone would be getting fired for the costs sunk into creating the labeling and materials to advertise such a thing. Having said that, one should wonder exactly what in the hell is going on that major corporations are dumping money into these types of revenue losing campaigns. Someone has a reason for this and I have my suspicions about what it is.

(05-22-2023, 09:44 AM)KingIngram052787 Wrote: They're just trying to score points on the ESG scale.  Not following those orders is worse than some extra marketing spend.

(05-22-2023, 09:44 AM)flsprtsgod Wrote: And what is the reason for that?

(05-22-2023, 10:00 AM)KingIngram052787 Wrote: The reason for trying to score points?  Keep those big investors happy by keeping up the facade that they care about all of that ESG garbage.

(05-22-2023, 11:22 AM)flsprtsgod Wrote: And what is the reason for that?

(05-22-2023, 02:51 PM)KingIngram052787 Wrote: Not sure where you're going with this, but it's basically investors using corporations to push a political agenda.

(05-22-2023, 07:16 PM)OG-JAGFAN Wrote: I actually see people posting up billboards making fun of butt light.  Go woke and get broke.

Blackrock is pushing all of this. It doesn't matter if the companies lose money. Sales do not matter. Now the only thing that matters is your score. If you do what they tell you and keep your score 100%, then they give you all the money you need. Doesn't matter if you are losing money, market share, etc. They will also keep any competitors that don't do the same from getting too large.

All companies are now putting out ESG reports like it's an actual financial report. If you are a large enough company to want/need their money, you either playball or lose out on all investors.

Some companies don't care but there aren't enough of them. Hopefully if people pushback enough and boycott, they can drain enough money from Blackrock to stop it.

The other option is suing the boards for fiduciary duty but they will probably just point to all they money getting invested. It may open people's eyes though on why it is happening.

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