Saturday, September 18, 2021

Exclusive: Silicon Valley investor dismissed racism, called BLM “the true racists”

A notable venture capitalist and board member at the public company behind iconic brands like The North Face and Timberland was dismissive of racism in the U.S. and called Black Lives Matter “the true racists,” according to emails obtained by Axios. Details: Veronica Wu was a co-lead on a fund that it once described as the largest pool of money dedicated to seed startups. She’s also on the board of VF Corporation, one of the world’s biggest apparel companies.

Friday, September 17, 2021

Stakeholder Capitalism Is a Trojan Horse for China

“Stakeholder capitalism” may not be a phrase you are intimately familiar with, or it may be a phrase that makes your eyes glaze over. But it’s definitely something you’ve witnessed. Let me give you an example: This May, when the actor John Cena was promoting the latest movie in the “Fast and Furious” franchise, he called Taiwan a country. This, needless to say, displeased China — and Cena offered a groveling apology. “I love and respect China and Chinese people. I’m very very sorry for my mistake,” he said in Mandarin on Chinese social media.

Thursday, September 16, 2021

Corporate America fights uphill battle against anti-China push

U.S. corporate giants are scrambling to beat back anti-China sentiment in Congress and the Biden administration, aiming to avert crackdowns that would hurt their ability to do business in the world’s second-largest economy. Since the spring, lobbying groups including the Chamber of Commerce, the U.S.-China Business Council and the National Retail Federation have been campaigning against congressional and White House moves to toughen trade and finance rules in response to China’s human rights abuses.

Wednesday, September 15, 2021

The New Racism Rampaging Through Top Corporations

A rash of reports this week has revealed that some of the country’s biggest oligopolist companies have plunged headlong into critical race theory (“CRT”)-based employee training programs. In the name of “racial justice,” the programs facially discriminate against white employees, but also demean and infantilize the black and other “people of color” employees they are ostensibly designed to support.

Tuesday, September 14, 2021

Woke capital giant bows to China

The largest asset manager in the world is doubling down on China. Actually, make that tripling down – despite BlackRock’s busy schedule of hamstringing the (domestic) energy sector, ensuring demographic equity in the Fortune 500, and trying to put gun manufacturers out of business, they have found the time to tell everyone that we ought to triple financial investments in China.

Monday, September 13, 2021

The Problem of Three In the Voting of Public Company Shares

Three years ago, Professor John Coates of Harvard Law School, currently on leave and serving as general counsel for the Securities and Exchange Commission (“SEC”), wrote an extremely insightful article, “The Future of Corporate Governance Part I: The Problem of Twelve.” His thesis was that the growth of index funds was leading to such a concentration of shareholder voting power that “in the near future roughly twelve individuals will have practical power over the majority of U.S. public companies.”