In today Wall Street JournalDavid Henderson and I took a cautionary lesson from the new film. Air About ESG investing. Piece:
Investors should be more cautious when considering companies that pursue ESG. By Mr. [Michael] In Jordan’s sponsorship decision, everyone at least agreed that the company’s sole goal was to maximize shareholder value. Under ESG investing, by contrast, conflicts arise not only over how best to achieve a company’s goals, but also over what those goals are. In the year In testimony before the US Joint Economic Committee in 2022, Hoover Institution economist Joshua Rahm It is mentioned ESG investing is plagued with “inflexible and fluid definitions, ultimately reducing management accountability to shareholders. Because maximizing shareholder value is no longer management’s sole objective, managers constantly debate which goals to achieve and how to trade off each other and shareholder value. That’s bad for investors and the economy.
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