It's kind of shocking, when it comes to how irresponsible it is. It's emblematic of a desire to, essentially, increase corporate power.
Federal Trade Commission
… there is a movement of firms attempting to use both ESG and DEI as a sort of reputational laundering to avoid … of potentially criminal activity. The FTC should set up an ESG/DEI collusion task force to investigate … private equity—to see if they are using the practice as a means to meet targets, fix prices, or reduce output. Chapter … - page 873
… • Congress should investigate ESG practices as a cover for anticompetitive activity and possible unfair trade practices. Chapter Federal Trade … • Congress should investigate ESG practices as a cover for anticompetitive activity and possible unfair trade … - page 873
… The business of American business is business, - 12853 The business of American business is business, not ideology. The privileges extended to corporations in American society come with the expectation that Chapter Federal … - page 873
… blank line - 12854 Chapter Federal Trade Commission Page number 873 … blank line - 12854 … - page 873
… profits for shareholders, bringing about economic growth. Managers, particularly in publicly traded corporations, who use their power to advance sets of fashionable moral beliefs, such as ESG/DEI, … introduce agency problems into the shareholder relationship and appropriate corporate wealth for their own benefit. … - page 874
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