For a first-hand lesson in the timidity of corporate America, look no further than Intel Corp. This January, the Santa Clara, Calif.-based chip maker announced it would set aside $300 million by 2020 for hiring, training and promoting “underrepresented” racial minorities and women. Intel CEO Brian Krzanich revealed the plan at the annual Consumer Electronics Show in Las Vegas only weeks after he and other top company officials had met privately with Jesse Jackson. The announcement was a triumph for Jackson’s Silicon Valley shakedown campaign. “It’s a huge first step,” he declared, urging other tech firms to follow suit. Given the acquiescence of eBay, Google and Facebook to Jackson at shareholder meetings last May, it is no surprise those companies are doing just that.
National Legal and Policy Center long has shone a spotlight on Jesse Jackson. The Chicago-based civil-rights hustler and former presidential candidate, through his nonprofit Rainbow/PUSH, … Read More ➡
Rankings, ratings and scorecards are often only vehicles for environmental groups to draw attention to their cause (as with Greenpeace), and more often than not they are given legitimacy – even when they conflict with other likeminded groups – since a sympathetic media likes to amplify their agenda.
And then there are the operatives who just want to make a buck off the “Green” scam with the creation of faux rankings. Such appears to be the case with GreenBusiness Works, which last week published its 2011 “Southeastern Corporate Sustainability Rankings.” The Atlanta-based group is the creation of a marketing and communications guru named Stephanie Armistead, who years ago converted her agency to one that focuses on the liberal priority of “Corporate Social Responsibility.”
The rankings showered love on companies that any business consultant like Armistead would want as clients. GreenBusiness Works pegged United Parcel Service as the top … Read More ➡
The term “corporate diversity” these days refers far less to a diversity of opinion than to a diversity of demography in which people submit to rigid codes of speech and behavior if they want to stay employed.
Of the many companies enforcing this regime, Starbucks has been especially zealous. On April 18, 2018, Starbucks Executive Chairman Howard Schultz announced that sometime in May he would close about 8,000 of its coffee shops for an afternoon to train employees on how to recognize and avoid “unconscious bias.” His statement was in response to the highly-publicized arrest of two black males at a Philadelphia store.
For the last few decades, and with increasing speed, major corporations in this country are incorporating racial, ethnic and gender radicalism into their business practices. Whether out of fear or conviction, officials now reflexively succumb to Leftist campaigns that target them for injustices against minority groups.
It would seem that the heyday of Jesse Jackson Sr., racial shakedown artist extraordinaire, is long over. Regrettably, some of the largest companies in California’s Silicon Valley are resuscitating his career. Jackson once again is flying high, issuing ultimatums for “diversity” and giving companies a choice: 1) orient hiring, marketing and other activities to favor nonwhites; or 2) get ready for a boycott, picketing, a lawsuit or other bad publicity. This May he gave information technology industry titans the full Jesse treatment – and on their own turf. At shareholder meetings of eBay, Google and Facebook, Jackson issued aggressive calls to hire blacks and other “people of color,” especially for top positions. Two months earlier he had brought his shakedown campaign to Hewlett-Packard. The response from each company was either silence or capitulation.
Jesse Jackson, popularly known as Rev. Jesse Jackson, now 72, more than anyone this side of Al … Read More ➡
Al Sharpton’s newest role – full-time anchorman – is now a reality. The New York City-based black activist, preacher and former presidential candidate launched his MSNBC-TV talk show, “PoliticsNation,” on Monday, August 29, six days after the network tapped him for the 6-7 P.M. (EST) weeknight slot vacated in July by Cenk Uygur. The announcement wasn’t unexpected. Sharpton frequently had substituted for Uygur. And MSNBC’s parent company, Comcast Corp., for years has been a generous donor to Sharpton’s nonprofit group, National Action Network (NAN). The elevation of Sharpton, with a long history of demagoguery and financial chicanery, to top-tier media player, for now, is complete. The question is whether “the Rev” is more than a novelty – and whether his hiring represents another case of corporate surrender to a larger political culture.
National Legal and Policy Center a little over two weeks ago chronicled Reverend Sharpton’s movement up the … Read More ➡
Advocates of racial/ethnic affirmative action quotas typically travel under the benign-sounding banner of “diversity,” so long as it doesn’t involve a diversity of opinion. President Obama’s executive order last Thursday, August 18 requiring federal departments and agencies to increase hiring and promotion of nonwhite minorities is yet another example. The mandate, Executive Order 13583, is titled, “A Coordinated Government-Wide Initiative to Promote Diversity and Inclusion in the Federal Workforce.” One notices words such as “efficiency” and “accountability” didn’t make the cut. That’s because over its four decades, “diversity” from the start has been about the allocation of economic rewards through force and guilt. The result most likely will be a federal bureaucracy committed more fully to racial payback.
“Al Sharpton, anchorman” – the phrase has an undeniably odd ring. Yet on MSNBC it’s already a part-time reality. And his close relationship to MSNBC’s parent, Comcast Corp., may enable him to become full-time permanent host of the cable network’s 6 P.M. news slot. If Sharpton gets promoted – the announcement could come any day – it would be the ultimate coup in his ongoing campaign to obtain respectability to cover a long history of racial incitement. It also might be a conflict of interest. Comcast, the nation’s largest cable owner-operator, this past January completed its purchase of a 51 percent stake in NBCUniversal, which owns MSNBC. Of more than passing significance, Comcast also is a key donor to Sharpton’s main nonprofit conduit, National Action Network (NAN). So why isn’t Comcast more open about its relationship with “the Rev?” It’s a question that Comcast top brass aren’t answering.
Whether the preferred term is “affirmative action,” “diversity” or “quotas,” the nation continues its long march, and with remarkably little political opposition, toward mandatory equality in outcomes by race and sex. The unrelenting nature of this trend is evident in a 36-page report issued last month by the Congressional Research Service (CRS). Titled “Survey of Federal Laws Containing Goals, Set-Asides, Priorities, or Other Preferences Based on Race, Gender, or Ethnicity” (see pdf file), the study counted 12 government-wide and 264 agency-specific statutes that require or encourage such preferences. The grand total of 276 is 60 percent higher than the 172 examples the CRS found during a similar review in the mid-Nineties. And there is no reason to believe the figure won’t climb higher.
CEOLarry Fink is escalating his leftist political agenda influence, exerted through his mega-investment firm BlackRock, to outright intimidation.
It began gently almost three years ago, with Fink urging several corporate CEOs in a letter to make “a positive contribution to society” beyond generating profit for shareholders, to “serve a social purpose.” The initiatives pressed most urgently addressed climate change risk and disclosure, and diversity initiatives.
The tone has gone from pleadings to threats, as outlined in BlackRock’s “2021 Stewardship Expectations,” issued a couple of weeks ago in advance of corporate annual meetings that will be held in the coming months. As reported by investment equity law firm Ropes & Gray, BlackRock has intensified its demands in pursuit of compliance with its priorities.
Among BlackRock’s plans:
“Broadening the universe of focus companies – from 440 to more than 1,000 – that it
For all the boasts and claims thatBlackRock CEO Larry Fink has made in recent years about the need for corporate “accountability” with regard to environmental, social, and governance (ESG) priorities, and that they are a better long-term investment prospect, he has consistently fallen short in the eyes of experts who evaluate those things.
First there was the academic study released in August that found that despite claims to the contrary by major financial firms – including BlackRock – that ESG factors did notinoculate investors against the stock market downturn that was attributed to the COVID crash of the global economy, nor did sustainability priorities aid in the subsequent limited recovery.
And now it turns out that one of BlackRock’s non-profiting investment priorities ballyhooed by Fink – climate change – is not all he cracks it up to be.