If you thought your retirement fund was a safe space from the political divisions in America, think again. In "The culture war is coming for your 401(k)," writer Clint Rainey reveals how your portfolio has become the newest battleground for the ideological fights between conservatives and progressives.
The specifics hinge on the purpose of a corporation. Is it to serve stakeholders such as employees, customers, and communities? Or is it only to maximize shareholder value? The stakeholder model, along with the environmental, social, and governance (ESG) principles that underpin it, have risen in prominence as more companies adopt social causes and environmental goals. But now an anti-ESG counterforce has emerged, arguing that these ideas destroy wealth as well as threaten Americans’ liberty. This in-depth feature, which hums like the movie montage when the band gets together, takes you inside the anti-ESG movement, revealing for the first time its players, motivations, strategy, tactics—and growing success.
If you want to understand how their fight could affect your net worth, subscribe now to access this exclusive subscriber-only story.
| | |
|
| | | | More Great Reads for Subscribers Only: | | | | | | How VCs are vying for a piece of your brain—literally | | Read more → |
|
|
| | | | Where did the Great Resigners and Quiet Quitters go? | | Read more → | | As always, check out the latest news and top stories at fastcompany.com. |
|
|
|
| |
|
| |
| | |
|
