BlackRock rejected most ESG proposals last year because they were “over-reaching, lacking economic merit,” and “unlikely to help promote long-term shareholder value.”
Shareholder value isn't everything. And it's that kind of thinking that got us in this national mess we're living in. There are several other stake holders to be considered. And the investors should just be thankful they have a place to park their money that earns more than those Treasuries ever will. Because... while investors supply the hard cold cash, the workers are the ones who do the actual work. The managers manage. And all the stakeholders make a web of support that the businesses absolutely rely on. Without the stakeholders, there isn't a business to be had. But the investors like to think it's all about them, and they want everything geared to pleasing only them. And they want it all. They hate sharing anything and believe it's their due. We can live without investors easier than they can live without us. So being a tide that lifts ALL boats is what they need to be focusing on.
Shareholder value isn't everything. And it's that kind of thinking that got us in this national mess we're living in. There are several other stake holders to be considered. And the investors should just be thankful they have a place to park their money that earns more than those Treasuries ever will. Because... while investors supply the hard cold cash, the workers are the ones who do the actual work. The managers manage. And all the stakeholders make a web of support that the businesses absolutely rely on. Without the stakeholders, there isn't a business to be had. But the investors like to think it's all about them, and they want everything geared to pleasing only them. And they want it all. They hate sharing anything and believe it's their due. We can live without investors easier than they can live without us. So being a tide that lifts ALL boats is what they need to be focusing on.