“Corporations have no business being on the right or the left because they represent everybody there and their sole job is to build equity for their investors”
Many Americans have clearly had enough of large corporations pushing leftist “woke” agendas along with their product and services.
And one of those Americans, who is the former CEO of one of the largest corporations in this country, is more than annoyed. He has established a new group to counter woke corporatism.
Former McDonald’s CEO Ed Rensi said companies have “no business” being in politics — and has launched a conservative initiative to fight “woke” corporate policies.
The 78-year-old — who led the Golden Arches from 1991 to 1997 — spearheaded The Boardroom Initiative to push back against boardrooms of American corporations that have become too politicized, Fox Business reported.
“Corporations have no business being on the right or the left because they represent everybody there and their sole job is to build equity for their investors,” the man who thought up Chicken McNuggets told Fox Business.
The initiative intends to defend shareholders and employees of public companies from “woke” policies and to ensure corporate accountability.
Its goal is to protect share holders and employees of publicly traded companies from ‘woke’ policies, which the group says imperil profits and thus betray the very shareholders who pay corporation staffs’ wages.
The Boardroom Initiative also aims to counter left-wing groups’ decision to buy up stocks in the businesses until they raise enough clout to lobby the board to adopt woke policies on issues including gender and race.
The Free Enterprise Project, an existing body which has joined forces with The Boardroom Initiative, has laid out a blueprint to tackle woke overreach.
The first target of The Boardroom Initiative is The Bank of America.
The Boardroom Initiative’s first effort is a shareholder proposal at next week’s Bank of America annual meeting calling for a civil rights audit of the racial equity policies at the company to ensure no race or gender groups are being excluded in the name of equity or anti-racism.
Bank of America is one of several major U.S. corporations to come under fire for implementing training sessions for their employees that incorporate Critical Race Theory (CRT), a framework that involves deconstructing aspects of society to discover systemic racism beneath the surface.
Last year, Christopher Rufo, a senior fellow and director of the initiative on critical race theory at the conservative think tank, Manhattan Institute, reported that Bank of America’s Market President in Charlotte, North Carolina promoted a new initiative called United in Action, in partnership with the United Way of Central Carolinas. Rufo described the program as promoting ideas such as putting “marginalized” staff above “privileged” staff and teaching them to “decolonize” their minds.”
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