With about $6 trillion of assets under management, BlackRock Inc. carries a lot of weight. And Laurence Fink, CEO and chairman of this New York-based investment firm is throwing his weight around. In a letter dated January 12, Fink advised fellow CEOs of publicly-traded companies urging them to expand their horizons. “Society is demanding that companies, both public and private, serve a social purpose,” he wrote. “To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society.” Though such words sound reasonable, they epitomize a common error about the institutional role of the corporation.
For decades, corporations, prodded by government, nonprofit activists and increasingly their own shareholders, have been retooling themselves as social problem solvers. Under the doctrine of Corporate Social Responsibility (CSR), companies effectively behave as philanthropies. A company is answerable not just to persons … Read More ➡
On one level, 2017 was a very good year. President Trump, a man who works with unions rather than for them, took office in January. He named Marvin Kaplan and William Emanuel (each approved by the Senate) to fill National Labor Relations Board vacancies, and Peter Robb, another ally of individual worker liberty, as NLRB general counsel. This contrasted with former President Obama’s picks, which created a natural 3-2 pro-union board majority. The reconstituted board already has made a difference. Last month, in PCC Structurals Inc., the board raised the bar for “micro-union” organizing, overturning the misguided Specialty Healthcare decision of 2011. At the state level, Kentucky and Missouri early in the year passed Right to Work legislation (each signed by the respective governors) to protect private-sector nonunion workers from having to pay union dues to keep their jobs.
Crucial as such countervailing forces to union power were, unions … Read More ➡
But when it’s conservatives who are censored on powerful, widely read platforms, it’s hard to find any journalists who care.
Such was the case last week when Project Veritas exposed, in an undercover investigation, how Twitter systematically diminishes – and even bans – access to posts published by those on the Right. One Twitter manager in charge of gatekeeping called their censorship victims “shi**y people.”
Then there was the revelation by The Daily Caller that Google’s “fact check” feature seems to exclusively target conservative web sites in its results. In other words, no suspect or controversial claims by liberal web site publishers are scrutinized for accuracy – only those on the right.
While mainstream media outlets are obsessed about … Read More ➡
Since its creation by executive fiat nearly six years ago, the Deferred Action for Childhood Arrivals (DACA) program has granted amnesty to hundreds of thousands of people from abroad brought here as children by their illegal immigrant parents. As DACA undermines U.S. sovereignty, security and rule of law, and very likely is unconstitutional, its elimination would seem a no-brainer. Yet President Donald Trump and Congress, under extreme pressure to “do something” about immigration, may be on the verge of retaining it. Unions, predictably, are among interest groups applying the pressure.
DACA owes its existence to a misguided assumption that coming to, and remaining in, America is a moral right. If a person is “undocumented,” that should not be any basis for deportation. The program was a by-product of stalled immigration legislation pushed during the second term of President George W. Bush. Part of that legislation would have allowed persons … Read More ➡
U.S. Bank isn’t just about banking. And Greg Cunningham wants everyone to know that. Cunningham, vice president of diversity and inclusion at the Minneapolis-based institution, is busy traversing the nation, coaxing bank employees to confront their inner racism, sexism and other attitudes that get in the way of a harmonious workplace. “Transforming a culture of 67,000 people is never easy,” he says. “You have to make sure that everyone knows that there is something in this for them.”
Reprogramming of this sort is a trend. Corporations are creating on-premises ‘safe spaces’ for employees presumably at risk of harassment by managers and peers. Advocates tout the practice as fostering teamwork and ultimately profits. Don’t believe them. Under the guise of addressing a workplace morale crisis, such ‘spaces’ actually create rather than resolve employee divisiveness. It’s a variation on that national behavior modification program known as “diversity,” which has nothing to … Read More ➡
“As more time passes, the more Mueller’s credibility is reduced,” Peter Flaherty, president of the National Legal and Policy Center, a government watchdog group, told The Daily Signal. “The legal case to fire or relieve Mueller is strong. The question is the optics. It might be best to leave him there, since ultimately he will come up with little.”
Flaherty said he believes the Russia investigation is in place to shield the FBI from exposure in using the discredited “Steele dossier,” an anti-Trump document funded by the Clinton campaign, the Democratic National Committee, and the opposition research firm Fusion GPS, to justify the probe of Trump associates.
“Mueller can rescue his credibility by expanding the investigation to Clinton and the genesis of the dossier,” Flaherty said, adding:
The problem with that is that the FBI was involved. The Mueller investigation from
On the same day an Associated Press survey of its member editors determined that workplace sexual harassment was the No. 1 story of 2017, Google’s corporate parent company Alphabet said its CEO, Eric Schmidt, will leave as chairman of its board of directors.
The development comes as Google became the subject of a recent report about corporation-wide mistreatment of women, accompanied by heightened scrutiny of Schmidt’s increasing reputation as a “womanizer.”
According to the New York Post, “news outlets have been sniffing around Schmidt’s former flames looking for a Harvey Weinstein-like bombshell,” but an anonymous source said “there is no sexual harassment.” A Google insider told the newspaper all his relationships have been “consensual” and that there are no settlements from the company to keep things quiet.
Nonetheless Schmidt’s exploits sound positively (Matt) Lauer-esque, with a “marriage” reminiscent of the separate lives existence of Bill and Hillary … Read More ➡
The rising tide of allegations of sexual harassment has claimed yet another member of Congress: Rep. Ruben Kihuen, D-Nevada. Last Saturday, Congressman Kihuen announced that he will not seek reelection. Yet as a House Ethics Committee investigation proceeds, Democratic Party leaders, including House Minority Leader Nancy Pelosi, are calling for him to step down. This he is refusing to do.
Ruben Kihuen, 37, born in Guadalajara, is a first-term congressman representing the 4th District of Nevada, which covers the northern portion of the Las Vegas area and points well beyond. Along with Rep. Adriano Espaillat, D-N.Y., he is one of two foreign-born members of the House of Representatives who illegally arrived in this country (or violated the terms of a legitimate visa) and subsequently has been allowed to stay under the Deferred Action for Childhood Arrivals, or DACA, program. This grant of amnesty, created in 2012 by an Obama … Read More ➡
That motley collection of social media demagogues known as Black Lives Matter (BLM) has come up with a new idea for this Christmas season: a nationwide boycott of all white-owned corporations. As they tell the story, running a business constitutes complicity in the murder of blacks. Ironically, their intended targets might be their most generous friends.
The brainchild of this initiative is one Melina Abdullah, a leader of BLM’s Los Angeles chapter and a professor at California State University, Los Angeles (CSULA). She’s urging shoppers, as part of the chapter’s #BlackXmas campaign, not to shop or otherwise do business with companies owned by whites. On a recent broadcast of her weekly radio program, “Beautiful Struggle,” she proclaimed: “We say ‘white capitalism’ because it’s important that we understand that the economic system and the racial structures are connected. We have to not only disrupt the systems of policing … Read More ➡
The National Football League, a model of fecklessness, has taken the art of surrender to a new level. Last Wednesday evening, November 29, a group of team owners and black players reached a tentative plan to divert at least $89 million over seven years to various radical organizations. The move, an effort to placate the now-ritualized theatrical pregame “kneel-down” player protests during the national anthem, was a gift to two groups in particular, the Players Coalition and the Dream Corps, the latter led by Van Jones, an Obama-era White House adviser. “No decisions have been made on where the money will go yet, much less all the money over the next seven years,” said NFL spokesman Joe Lockhart. His boss, Roger Goodell, meanwhile, won’t have to worry. Two days ago, he signed a five-year contract extension potentially worth $40 million a year.