As such, the Republican beefs about what corporations are up to are exclusively about things with no particular link to profits or shareholder value. They want to rein in executives, so long as it doesn't actually hurt owners.https://www.businessinsider.com/woke-capital-isnt-about-capital-republicans-taxes-corporations-managers-2021-4 …
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For example, if you got firms to generally stop voicing support for progressive causes, that probably wouldn't affect aggregate profits. The stakeholders seeking those corporate statements are workers or customers, not shareholders.https://www.businessinsider.com/woke-capital-isnt-about-capital-republicans-taxes-corporations-managers-2021-4 …
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"Woke" corporate acts might raise profits (probably not across a whole industry, so shareholders don't lose if the whole industry is dissuaded.) But people run firms. C-suites and PR shops are not immune to the suburban anti-Trump revolt. And workers and customers influence them.
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So actually in a way, the GOP whining about "woke capital" isn't flailing from a party that once aligned with big business. It's an expression of the view that corporations should exist to serve shareholders and other stakeholders should pipe down.https://www.businessinsider.com/woke-capital-isnt-about-capital-republicans-taxes-corporations-managers-2021-4 …
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They are inept basically, once again proving it.
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Might be the GOP is confused by the rich, powerful individual interests of billionaires and powerful executives vs the equally rich and powerful interests of industry and corporations which are the engines of the first two groups
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hm. Don't see anything about protecting shareholders in here.https://www.foxbusiness.com/politics/sen-rick-scott-work-corporate-america-backlash …
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it's not that this line is about protecting shareholders, it's that it doesn't contain anything adverse to shareholders (with the possible exception of a feint at China trade policy at the end)
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And protecting many of the mid-level workers at the big ones!
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