Corporations previously outspoken about hot-button social issues have stayed quiet on the likely overturning of Roe v. Wade after a dramatic fight between Disney and Florida Republican Gov. Ron DeSantis over the company’s political activism.
Following the leak of a draft opinion indicating the Supreme Court is likely to overturn Roe v. Wade, Democrats are trying to ram through a bill legalizing third trimester abortions; however, corporations are largely staying out of the fray, following Disney’s disastrous battle with Republican Florida Gov. Ron DeSantis that ended with the company losing its special tax privileges. Read More
Here’s your first clue Twitter is not really a business with a fiduciary duty to maximize shareholder value – when Elon Musk made a public offer to buy the company for $54.20 a share (roughly $40 billion) the company’s management not only turned down the offer, but began to work on a poison pill defense aimed solely at Mr. Musk, who is already Twitter’s largest shareholder.
According to reporting by the New York Times, some investors and Wall Street analysts said that Mr. Musk’s offer of $54.20 a share was too low, and that he would need to go to at least $60 a share to appeal to shareholders. That would be 25 percent higher than the share price when Mr. Musk announced this month that he had acquired a 9 percent stake in Twitter. Read More
Corporations, including Citigroup, Apple and Match, are helping their employees undergo abortions in light of new, state-level restrictions.
Citigroup announced a policy of covering travel costs for U.S.-based employees seeking abortions “in response to changes in reproductive healthcare laws in certain states” in a Securities and Exchange Commission (SEC) filing. The policy will cover airfare and lodging, according to Bloomberg. Read More
In a 10-minute video, Project Veritas exposed Salesforce executives bashing the GOP for the mostly peaceful protests at the Capitol on January 6, just weeks after the Customer Relationship Management (CRM) company unexpectedly severed ties with the journalistic nonprofit.
The footage from virtual meetings held by high-level executives was sent to Project Veritas by a whistleblower inside the company, according to Veritas’ founder James O’Keefe. Read More
by Craig Klein Salesforce has shut down the Republican National Committee’s (RNC) ability to send emails through their platform. Salesforce.com is a Silicon Valley-based giant in the enterprise software space with over $13 billion in revenue. The company was founded by Marc Benioff in 1999, who acquired Time Magazine… Read More