[American Thinker] There are at least three terms to describe the concept of stakeholder capitalism -- corporate wokeness, woke corporatism, and woke capitalism. The last of the three was coined in 2015 by Ross Douthat when writing a piece for the New York Times. He defined it as how companies signal their support for progressive causes in order to maintain their influence in society. Since then the concept has become very popular in the U.S. and worldwide, corporations have gone political and seek, or at least profess to seek, change in the world.
On January 24, for one thing, former Unilever CEO Paul Polman wrote in a piece for the Financial Times that "Today, staff and customers believe you should... speak out on big, touchstone issues, from race to fake news and climate change." In a historic moment of multiple and converging global challenges, he thinks, we have no other option but to embrace so-called stakeholder capitalism. After all, evidence is stacking up to show the "financial benefits to companies that consistently apply their principles and actively work to solve societal problems," he argues. "Not everyone agrees, however," he sadly but honestly acknowledges. In fact, if there is a big support for stakeholder capitalism among corporations, there’s also been a backlash from conservative voices, as we will see below. But let us dwell a little more on the supporters of stakeholder capitalism.
In his annual letter to BlackRock shareholders a few days ago, CEO Larry Fink argued that expectations of business leaders have changed dramatically in the last few years. Increased profits, happy shareholders and more jobs are no longer what a chief executive is expected to deliver. For instance, most stakeholders -- from shareholders, to employees, to customers, to communities, and regulators -- "now expect companies to play a role in decarbonizing the global economy." And "few things will impact capital allocation decisions -- and thereby the long-term value of your company -- more than how effectively you navigate the global energy transition in the years ahead." This illustrates perfectly what stakeholder capitalism -- the new mantra of the Business Round Table as announced in August 2019 and endorsed by almost 200 CEOs of the largest corporations -- is all about. In Klaus Schwab’s words,
[Spectator] The Biden administration, the guys that caused the debacle in Afghanistan ...the collection of boodlers, grifters, hangers-on, and self-proclaimed experts affiliated with the Biden Crime Family. Entrusted with an entire nation as the result of a suspicious election, they set about happily implementing stuff they absorbed in college, all of which blew up and splattered the rest of us... botches relations with Russia while its experts tell each other flattering fictions
This should be changed. Getting out of Afghanistan was the right move. Trump tried it and got overruled. When Biden ordered it, the Pentagon did a poor job when they clearly could have done better, because they were pissed off someone took their war away.
Direct Translation via Google Translate. Edited. by Dmitry Steshin
[KP] It so happened that my car was broken by the Motherland. Not from evil. One cannot blame the Motherland for carrying out intensive military maneuvers at the moment of the most acute political crisis, in the so-called "threatened period". There are not many roads in the Motherland, therefore, as soon as I delved into the depths of the Rostov region, the M4 highway turned into a military country road with pits of such a caliber that I quickly lost three studs with bolts on the front left wheel - they were cut off like a knife and the rear right hub.
[AlAhram] Fears are rising about what would happen to Europe's energy supply if Russia were to invade Ukraine and then shut off natural gas exports in retaliation for US and European sanctions.
The tensions show the risk of Europe's reliance on Russia for energy, which supplies about a third of the continent's natural gas. And Europe's stockpile is already low. While the US has pledged to help by boosting exports of liquefied natural gas, or LNG, there's only so much it can produce at once.
#1
They dug their grave. Let them lie in it. Fuck Europe. They are not friends. They are adversaries and have made that repeatedly clear ever since they refused to carry their fair share of the load. They can freeze in the dark with their solar and wind power. Their environmentalists will be ecstatic about the divine punishment handed out.
Negotiate a decent agreement that finally lances the Ukrainian boil and accepts Russia's legitimate security concerns. This is by far the best outcome for the US.
#4
with its gas already sapped by a cold winter last year, a summer with little renewable energy generation and Russia delivering less than usual. Prices have skyrocketed, squeezing households and businesses.
"Bad Luck™"
Posted by: Frank G ||
02/07/2022 6:45 Comments ||
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#5
Reality: The things that don't go away just because you refuse to believe in them.
Posted by: M. Murcek ||
02/07/2022 6:47 Comments ||
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#6
Let's see that vaunted European "soft power" and suave diplomacy...
#8
How are U.S. imports of Russian oil going? Not on the list of sanctions? Oh?
Posted by: European Conservative ||
02/07/2022 16:29 Comments ||
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#9
U.S. imports of Russian oil going? Not on the list of sanctions?
If I understand correctly, an unnecessary 8% of American imports because a certain American president and his staff range from incompetent to venal to vicious.
Sitting down for the talks in Moscow, Mr. Putin addressed Mr. Macron using the informal Russian word for you, typically reserved for friends. The two leaders sat at separate ends of a long oval table.
“I understand that we have a common concern about what is happening in the field of security in Europe,” Mr. Putin said.
French officials say Mr. Macron’s history with Mr. Putin allows him to play a unique role in mediating between Russia and the U.S. In a phone call with Mr. Macron last week, the Russian president described the Frenchman as a “quality interlocutor,” according to an aide to Mr. Macron.
Everything is lovely
When you start to roam;
The birds are singin', the day that you stray,
But later, when you are further away,
Things won't seem so lovely
When you're all alone;
Here's what you'll keep saying
When you're far from home:
Mammy,
Mammy,
The sun shines east, the sun shines west,
I know where the sun shines best
Mammy,
My Mammy!
#5
In the most outrageous act of deceitful intimidation and tyranny, Trudeau is threatening Americans who donate to the trucker protests in Canada. Unbelievable...
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
...the collection of boodlers, grifters, hangers-on, and self-proclaimed 
