Shareholders Getting Fed Up With Underperformance by ‘Woke’ CEOs

The Walt Disney Company may prove to be a cautionary tale for CEOs who have sworn allegiance to the environmental, social, and governance (ESG) movement.
While it has become increasingly common for global clubs like the World Economic Forum and activist asset managers to pressure corporations to fall in line with the ESG agenda, Disney is now feeling the heat from the opposite direction: shareholders who want the company to focus on sales and profits, as well as its lagging share price.
Vivek Ramaswamy, founder and chairman of Strive Asset Management, told The Epoch Times that “Disney unnecessarily waded into a fraught political debate and hurt its business interests as a result.”…

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