Elon Musk’s Twitter Strategy May be About Countering the ESG Political Movement Infecting Corporations Says Expert – Opinion

Elon Musk might not be just interested in Twitter ownership, but he is also the CEO of Tesla/SpaceX and major stockholder. According to one businessman, Musk’s goal might be to free corporations from an oppressive leftist movement currently infecting many businesses.

According to the Daily Wire, Vivek Ramaswamy sat down with John Bickley and Georgia Howe on the “Morning Wire” podcast where he revealed that Musk’s recent denial of a board seat on Twitter is likely Musk attempting to own over 15 percent of the company, or in other words, a “hostile takeover” over the social media brand overall.

It was then that Ramaswamy pointed out that Musk has expressed, very openly, that he dislikes a movement that’s been plaguing corporate America for some time called the Environmental, Social, Governance (ESG) movement, which he defined as a “political ideology that says that companies are supposed to take action to advance particular agendas.”

ESG is responsible for many corporate actions that promote social justice, such as policies to protect the environment, biodiversity, equity quotas, and focuses and environmental policies that are in line with the Church of Climate Change, Diversity and Equity Countas and Focuses. According to the Daily Wire, ESG seeks to gradually takeover corporations through social and political pressure so that they become leftist message carriers.

ESG essentially acts as an end-run around the constraints of politics and lawmaking by targeting the market, “where people work, where they bank, where they invest” to achieve particular ends, Ramaswamy said.

He continued, saying that although much focus is on the non-investment angle of ESG, the issue isn’t that companies like BlackRock are “divesting from companies like Exxon,” it’s that they are “invested in companies like Exxon, and they vote for actually new boards of directors as they did last year, voting for three new board members, that changed the purpose of that company.”

This “is distorting the behavior of companies across corporate America,” he added, “in part because BlackRock and State Street and Vanguard, those are the three largest asset managers, they don’t actually represent the shareholders. They’re not the shareholder; they’re the stewards of other people’s money. Everyday citizens’ money. What makes the Elon Musk move really interesting is he’s showing up as an actual shareholder with his money. Now, the top shareholder of Twitter, who’s going to say that I actually, as the shareholder and owner of the company, want to see that company heading in a different direction.”

Ramaswami might be right. Musk has openly denounced the ESG movement very recently, saying that the movement “should be deleted if not fixed.”

(READ Elon Musk’s assessment of how far corporations are going with their Woke Culture)

Ark Invest’s director Brett Winton was the one who made this complaint. He claimed that ESG framing has a backward-looking nature, is subject to political whims and is more focused on checking boxes than it is helping companies achieve impact. By putting pressure on the company, they take control of its board and start to alter it from within. It becomes more like a leftist organization than a business with a purpose. It’s a movement Musk wholly rejects, and one that he may be attempting to counter.

RedState reports that Musk deliberately turned down the Twitter Board seat he had been invited to. This led to people wondering if Musk was attempting to buy Twitter stock in an elaborate scheme to increase the stock’s price and make Musk even more richer. However, it was discovered that there was a limit to the board seat. Board members couldn’t own more than 14.9 percent of the company.

Twitter offering Musk a board seat was effectively a trap that Musk didn’t fall into. He doesn’t want a slice of the cake, he wants the cake.

If this is true, then it’s likely Musk will takeover Twitter and proceed to undo and destroy the ESG influence over the company. If he is successful, it could set the stage for similar actions by other companies that may be inspired to oppose ESG.

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