When confronted with their overt bias in platforms and policies where woke politics ought not to go, a leftist’s favorite tactic is sneering “go build your own” to conservatives. We have seen in recent days, through Elon Musk’s purchasing Twitter, how the left is utterly disingenuous when such tactics come after their sacred cows. When the temper tantrums that they used to throw to win their favor suddenly cease to work, the left looks utterly helpless.
In business terms, the left can’t be trusted. The left is a shaming of business as an evil entity, greedy capitalist parasites sucking lifeblood out of workers and customers alike. It exists, however, as an untapped funding source for social engineering projects by the government.
This has in no small part fueled the panic-stricken drive by businesses to placate the noisy minority through equity, diversity, and inclusionary directives that–in reality–serve solely to score social justice warrior bonus points, while doing nothing to further the allegedly supported causes. Nor do these initiatives help every business’ primary mission. Profitability is the main goal of every business. It doesn’t matter how virtue-signaling is done without it. It doesn’t matter how self-righteous an organization is, if they stop making money, then it quickly ceases to exist.
Stockholders in publicly traded businesses prefer to hold stock in companies that are profitable and do not threaten large numbers of potential or current customers. In this country, there are few true monopolies. There are many options and businesses can fail. Others will take their place. For more information, ask any ex-Eneron employee or Lehman Brothers worker. However, companies across the country continue to be cowards to jokesters. Shareholders are now starting to fight back.
Those who understand capitalism wholeheartedly agree that “the genius of capitalism is that it requires businesses to do good things for society to make a profit.” This is The Boardroom Initiative‘s motto, and it is actively pursuing a program in which shareholders demand genuine diversity and inclusion from their investments, not leftist tripe.
Led by former McDonald’s CEO Ed Rensi, The Boardroom Initiative recently introduced a shareholder proposal at Bank of America’s annual meeting, demanding the bank practice what it preaches by not discriminating against any group or individual within its ranks.
Shareholders of the Bank of America Corporation (“the Company”) request that the Board of Directors commission a racial equity audit analyzing the Company’s impacts on civil rights and non-discrimination, and the impacts of those issues on the Company’s business. The audit may, in the Board’s discretion, be conducted by an independent and unbiased third party with input from civil rights organizations, employees, communities in which the Company operates and other stakeholders, of all viewpoints and perspectives. A report on the audit, prepared at reasonable cost and omitting confidential or proprietary information, should be publicly disclosed on the Company’s website.
Continue the proposal:
Recent attention has been intensely focused on employee training and workplace practices. While everyone agrees that employees must be successful and should not face discrimination at work, there are many differences about the definition of non-discrimination.
The concern extends across all ideologies. Some have pressured companies to adopt “anti-racism” programs that seek to establish “racial equity,” which appears to mean the distribution of pay and authority on the basis of race, sex, orientation and ethnic categories rather than by merit. (Links 1, 2, 3, 4)
Where adopted, however, such programs raise significant objection, including concern that the “anti-racist” programs are themselves deeply racist and otherwise discriminatory. (Links 5, 6, 7, 8, 9)
Numerous corporations have been discovered to sponsor and promote overtly and implicitly discricutive employee-training programs. These include American Express (Bank of America), Verizon, Pfizer, Pfizer, and CVS.
These concerns, disputes and disagreements can create a huge reputational, legal, and financial risk. If the Company is, in the name of racial equity, diversity and inclusion, committing illegal discrimination against employees deemed “non-diverse,” then the Company will suffer in myriad ways – all of them both unforgivable and avoidable.
In developing the audit and report, the Company should consult civil-rights groups – but it must not compound error with bias by relying only on left-leaning civil-rights groups. It must instead consult all viewpoints. Right-leaning civil right groups, like Project 21 and Woodson Institute, that represent people with color must be included. It must also include groups that defend the civil rights and liberties of all Americans, not merely the ones that many companies label “diverse.” All Americans have civil rights; to behave otherwise is to invite disaster.
Similar to the above, employees must be allowed to express themselves freely and confidentially when included in an audit. Many employers, such as the one mentioned above, have created discriminatory programming which chills employee contributions. They then pretend that employees empowered by the program represent all of their true voices. This creates hostile work environments for some employees and may even be illegal.
The proposal was rejected, although it is not surprising. According to RedState’s press release, Rensi promised that the effort would continue.
“While the shareholder proposal didn’t pass, this is still a victory for Americans because we’ve drawn a tremendous amount of attention to this issue. Shareholders are entitled to value from their CEOs. Shareholders who rely on their 401K income are included in this responsibility. Many Americans are dependent on their 401K income, and face record inflation. They are relying on CEOs not to cater to left-wing activists but to create value. The Boardroom Initiative will continue fighting back against ‘woke capitalism’ and we will be launching new campaigns to empower shareholders and employees in this important cause.”
As we are seeing with even behemoth entities such as Disney, the “get woke/go broke” truism comes for all. The Boardroom Initiative is a vital element in the battle against corporate corruption by drowning themselves in leftist blather.
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